Divya Parab
The financial goal of 10 Crore is challenging yet achievable with
proper discipline and systematic Investment. Here’s how you can do this:
1. Investing in Stock Market
Investing in the stock market is a great way to build your wealth. You
can invest in various types of stocks like blue-chip stocks, dividend
stocks, etc. that have historically known for 15-20% CAGR, in addition
to dividends and bonus.
Diversifying your portfolio among different sectors and industries
helps minimize risk and increases potential return on investment. Also,
following trends in the markets as well as upcoming IPO will give you an opportunity to invest in newly established businesses with great potential right out the gate.
2. Mutual Funds and SIPs
When investing in mutual funds via SIPs, the key is to always start
early. For eg: A simple monthly SIP of 30,450 at 15% CAGR would be worth
10 Cr after 25 years. This concludes that a mutual fund investment
is a systematic and disciplined way to grow your wealth. One effective
method is through a SIP (Systematic Investment Plan), where you make
fixed contributions at regular intervals (monthly or quarterly) rather
than a lump sum.
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