How 500 rs became 1 crore

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 If you want to become a crorepati then you need to follow these steps :

Anyone can be a crorepati with a systematic plan of investment and achieve compound interest from the investment.

1) SIP stands for Systematic Investment Plan, which is a popular investment strategy used by investors. In SIP, the investor invests a fixed amount of money in any investments at regular intervals, such as monthly, quarterly, or annually. The amount of investment can vary depending on the investor's Risk profile and financial goals.

Investing 500 monthly with 25% to 30% compound interest over a long period can result in significant growth in investment.

Here is a calculation of how it could grow into 1 crore:

your 500rs monthly became 8 core 85 lakhs with a return of 28% compound interest per year and invested till 30 years and 500 became 1 crore in just 23 years with a 28% compound interest per year.
Below are full details of the calculations.

Click here to get data.

So, investing 500 monthly with a 25% to 30% compound interest rate for 30 years could result in an investment of 1 crore. However, it's important to keep in mind that this is a hypothetical scenario and actual investment returns may vary depending on various factors such as market conditions, inflation, and other factors. It's always advisable to consult with a financial advisor before making any investment decisions.

What is Compound Interest?

When you combine the power of interest compounding with regular, consistent investing over a sustained period of time, you end up with a highly effective growth strategy for accelerating the long-term value of your savings or investments.

How compound interest is calculated?

Compound interest is calculated using the compound interest formula: A = P(1+r/n)^nt. For annual compounding, multiply the initial balance by one plus your annual interest rate raised to the power of the number of time periods (years). This gives a combined figure for principal and compound interest.

Click here to open a Demat Account

Using our interest calculator

Compound Interest calculator


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