The Indian stock market has historically provided returns of around 15-20% per annum over the long term.
If you invest ₹1.5 lakhs at an annual return of 15%, it would take around 15-16 years for the investment to grow to ₹1 crore, considering compounded annual growth.
A well-thought-out investment strategy and a disciplined approach are essential for earning ₹1 crore from ₹1.5 lakhs.
Diversification of investments and regular investing can help mitigate risks and increase potential returns.
Rupee-cost averaging helps reduce the impact of market fluctuations, ensuring a lower average cost per share over time.
Investors should avoid emotions-driven decisions and concentrate on fundamentally strong companies with a proven track record.
Educating oneself about the stock market, monitoring market conditions, and staying updated on global economic events is crucial for the success of investments.
The power of compounding allows an investor to earn substantial returns over a long period while investing a modest sum of money regularly.
Systematic Investment Plans (SIPs) in mutual funds follow the rupee-cost averaging method and are an effective tool for achieving long-term financial goals.
Investing in low-cost index funds reduces the risk of loss and offers broad market exposure, increasing the chances of reaching a corpus of ₹1 crore.
ESG (Environmental, Social, and Governance) ratings and investing can facilitate transparency, simplification, and ease of doing business in the equity market.
It is crucial to save and invest 20-25% of your income for achieving long-term financial goals, such as accumulating ₹1 crore.