Accumulate Rs 1 Crore by Investing Just Rs 5,000 Monthly
To many, Rs 1 crore may look like an unachievable figure but it is possible to accumulate the sum by investing just Rs 5,000 per month provided you follow these rules. Invest in growth assets By this, we mean an asset class that has the potential to deliver higher returns over long-term. Equity is one such asset class. Over long term, equity has potential to deliver over 12-15 per cent annual return whereas investments in conservative assets such as fixed income will only yield you 7-8 per cent annually. See…
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