What can be done with 10 crore?
What can be done with 10 crore?
10 crore target is to figure out the initial capital and the annual returns you would require to achieve over the next 20 years….Option 1 – Lumpsum Investment To Build Rs. 10 Crore.
| Scheme Name (Regular Plan) | 20 Year Annualized Return (\%) |
|---|---|
| ICICI Prudential Long Term Equity Fund | 21.9 |
How much money do you need to live a lavish lifestyle in India?
So as said earlier saving 50\% of your income, you need a monthly income of Rs 2600000-Rs2800000 to live a luxury life in India in a flat. For a Bunglow it comes up to around Rs2800000-Rs3000000. Keep in mind that this expence have not included costs of drinking and other unhealthy activities.
How much money will Suresh need to retire in India?
In all probability, Suresh may require the same amount of Rs. 40,000 to maintain a decent standard of living after Retirement. How much money is enough to retire at 50 in India?
What is the shortage of retirement planning in India?
So, the shortage for Retirement planning is Rs. 2.9 Crores. Assuming a return of 12\% from equity for the next 20 years, he can accumulate Rs. 2 Crores by investing Rs. 32,000 per month in Mutual Fund SIPs. When to start planning for Retirement? Many people ask this question.
How much will Rs 40000 be equivalent to after 20 years?
Inflation is a big risk which reduces your purchasing power. Assuming a moderate inflation of 6\%, Suresh requires Rs. 1,28,000 per month when he will be 50. In simple words, today’s Rs. 40,000 will be equivalent to Rs. 1,28,000 after 20 years.
What will be Suresh’s monthly income after 20 years?
Assuming a moderate inflation of 6\%, Suresh requires Rs. 1,28,000 per month when he will be 50. In simple words, today’s Rs. 40,000 will be equivalent to Rs. 1,28,000 after 20 years.