How to become a crorepati at a young and mid age check details varpat

New Delhi. Everyone dreams of becoming a millionaire, but not everyone is able to become one. If you want to become a millionaire (crorepati kaise bane), then for this you should know how to invest a little more wisely. However, the dream of becoming a millionaire is not easy, but if certain things are kept in mind and proper investment strategy is made (proper planning and constant saving), then this dream can be realized.

Know, what needs to be done?
According to market experts, if a youth starts a job at the age of 20, he can easily become a millionaire when he retires at the age of 60. Experts say that the dream of becoming a millionaire can be achieved by investing money in Equity Mutual Funds in the long term.

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Invest here?
According to experts, you can achieve the goal of becoming a millionaire by saving Rs 35 daily. Whenever there is a big correction in the share market, SIP (Systematic Investment Plan- SIP) should be started from those levels. Investors should start investing in Diversified Equity Mutual Funds for long term from the very beginning of their job. If we assume an average annual return of 12 percent in the long term, one can become a millionaire. However, its investor will have to start saving only Rs 35 daily i.e. about Rs 1,050 every month. If you start a job at the age of 20 and want to retire at 60, then you will have to invest SIP Rs 1,050 every month. He will earn more than Rs 1 crore at the rate of compounding (compound interest) of 12 percent.

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Older people can also become millionaires
Older investors can also become millionaires, for this they will also have to keep some special things in mind. If an investor who starts working at the age of 35 wants to become a millionaire when he retires at the age of 60, he will need to invest Rs 5,875 every month. That investor will earn around Rs 1 crore at the rate of compounding (compound interest) of 12 percent.

Tags: How to earn money, Share market, Systematic Investment Plan (SIP)