CROREPATI DREAM
MF Query: How Rs 25,000 per month SIP with 15% annual increase can make you a crorepati in 10 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
How to save Rs 1 crore with a monthly salary of Rs 25,000
Building a Rs 1 crore corpus with a Rs 25,000 salary requires discipline and time. Experts recommend consistent investment in equity mutual funds via SIPs for long-term wealth creation. Starting early and increasing SIP contributions can accelerate wealth creation significantly if you know the right tools. Further, you must consider factors like risk tolerance and investment tenure as well. ET Wealth Online explains how you can become a crorepati even with a salary of Rs 25,000 per month.
Odisha CM's office, residence under grip of corrupt coterie: PM Modi
Prime Minister Narendra Modi criticized the BJD government in Odisha, stating that it is on its way out and expressing his distress over the state's condition. He accused the government of being controlled by corrupt individuals who have mismanaged the state's resources. Modi highlighted issues such as the misuse of funds from the district mineral fund, lack of development in infrastructure and education despite mineral wealth, and concerns over the safety of cultural heritage, including the missing keys of Lord Jagannath's treasury. He promised transparency and development under a BJP-led government in Odisha.
Crorepati dream: 12 mutual funds deliver over 100x returns in 2-3 decades
We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value fund,and contra fund for analysis. The CAGR returns were calculated since the inception of the scheme.
Crorepati Dream! Rs 10,000 monthly SIP in this mutual fund grows to Rs 16.5 crore in 29 years
HDFC Flexi Cap Fund is an open-ended dynamic equity scheme investing across largecap, midcap and smallcap stocks. The fund’s investment strategy revolves around a bottom-up approach to stock selection with focus on quality companies at reasonable valuations.
ETMarkets Smart Talk: Consistent rise in SIPs reflect the crorepati dream of retail investors: Sanil Kumar KV
Sanil Kumar KV says: "The surge in SIPs reaching Rs 17,000 crore in 2023 reflects a growing awareness among retail investors about the power of compounding. Salaried individuals should consider continuing SIPs until retirement, leveraging technology to start early, and benefit from the ease of accumulating wealth through consistent and disciplined investment practices. This approach aligns with the crorepati dream, emphasizing the significance of long-term financial planning."
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‘Jai Ho KBC!’ Contestant from Kolkata charms Amitabh Bachchan & viewers with her refreshing candour, credits show for stay in luxury hotel
Guha left the show on a high, after bagging Rs 12.5 lakh. She quit the game before the 13th question.
Are retail investors chasing crorepati dreams via SIPs? Sampath Reddy answers
We spoke to Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life on markets in 2024, FII flows, SIP investments and cashing the crorepati dream.
Retail investors chasing crorepati dream via SIPs: Sonam Srivastava
ETMarkets spoke to Sonam Srivastava, smallcase manager and Founder, Wright Research on SIP investments, market outlook, and sectors to bet on in 2024.
ETMarkets Smart Talk: Retail investors chasing crorepati dream? SIP flows may cross Rs 20K cr per month in 2024: Pankaj Pandey
"In the mutual fund portfolio, the best-performing fund of the year 2023 may not be the best-performing fund in 2024. Therefore, it is important to not chase the best-performing fund and invest based on the individual fund’s portfolio positioning and the fund manager’s experience of managing volatility as the year 2024 may be volatile."
Knowledge is power! Meet IAS aspirant Jaskaran Singh who travelled from remote village with no facilities to bag Rs 1 cr on 'KBC 15'
The 21-year-old civil service aspirant became the first crorepati in the 15th season of ‘Kaun Banega Crorepati’ the iconic desi rendition of ‘Who Wants To Be A Millionaire’, a popular quiz-based reality TV show.
Crorepati club in United Spirits, ITC & HUL rises by over a quarter in FY23
At ITC, the number of crorepati employees jumped by 36% year on year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers took home more than ₹1 crore in annual salary in FY23, up 25% from 163 in FY22. In the country's largest alcobev firm United Spirit, 34 managers were in the ₹1-crore-plus bracket last fiscal. These companies have also passed on a double-digit hike to their top leadership last year.
Sebi to treat finfluencers selling crorepati dream as fraudulent, misleading activity
Sebi also wants regulated entities like brokers, mutual funds and exchanges to stop dealing with unregistered finfluencers. After a board meeting on Wednesday night, Sebi chairperson Madhabi Puri Buch said a discussion paper to regulate financial influencers will be out in the next couple of months.
How Ahmedabad-Mumbai bullet train project has turned many into crorepatis
Hariom Vyas, a small-time trader from Surat, was unaware of the vast fortune left behind by his ancestors until recently. Together with his elder brother, they owned 5.5 bigha of land in Antroli village, where they grew sugarcane and bananas. However, their fortunes changed dramatically when they received a compensation of Rs 29 crore for surrendering 12,000 sq m of their land for the Ahmedabad-Mumbai bullet train project.
ETMarkets Smart Talk: Earning Rs 1 lakh per month? Here’s how you can achieve your crorepati dream
Diversification is the key for any portfolio and the times we are living in today the main agenda should be to invest money in highly liquid assets which could be easily converted into hard cash during the time of crisis.
From bankruptcy to being a bankable star in his 70s, Amitabh Bachchan is the ‘Shahenshah’ of comebacks
He might be the ‘living legend’ and hailed as ‘Sadi ke Mahanayak’ , but Amitabh Bachchan’s career was not a bed of roses.
ETMarkets Trade Talk: Not Nifty or Bank Nifty, this crorepati trader minting money with stock options
One is at an individual trade level - since I trade stock options mostly and you often see stocks hitting 10% circuit up or down so that exposes a risk to my portfolio if I have a position in that stock. This is best managed by having a low exposure in one single stock.
Mind Over Money: Nothing wrong with chasing the crorepati dream! Key is to avoid behaviour bias, explains Abhijit Chokshi
However, it also depends upon the stocks you select, a majority of companies need constant active tracking as in monitoring their quarterly earnings, sectoral tailwinds, and actions of the management at periodic intervals, and doing it on a part-time basis is dangerous.
Dreaming of becoming a crorepati at 25? With right portfolio mix, you require Rs 10,000 monthly for 15 years
"Wealth creation in the equity market is a mix of variables that are in an individual’s control and certain variables which are not as much. The festive season has brought significant cheer with celebrations after two years of disruptions thus fueling demand for discretionary categories like apparel, jewellery, footwear, retail, hotels etc. The expected strong earnings outlook has led to a run up in most stocks in the discretionary space."
‘KBC: Season 14’ Rs 1 crore winner recalls time when she worked 8 hrs for Rs 20, how father forbade her from higher education
Kavita Chawla is the first winner of ‘KBC: Season 14’ to win the Rs 1 crore prize.
‘KBC Season 14’ gets its 1st crorepati! Homemaker Kavita Chawla wins Rs 1 cr, will she take home Rs 7.5 cr?
Chawla is the first contest in the 14th season to win Rs 1 crore.
21 years after she first dreamt of being on KBC, Kolhapur homemaker is a crorepati
It took her 21 years and 10 months to finally reach the hotseat and fulfil her dream. Talking about how she prepared for the show, Chawla said: "I used to teach my son Vivek at home and have taught him from KG to Class VIII. I used to prepare for the show along with it because I have always dreamt about going to 'KBC' since the time it began.
Mind Over Money: Health is real wealth! Chasing a crorepati dream is possible by investing Rs 10,000 every month
"Wealth creation as well as significant improvement in health results for both of them shall be visible over a period of time. What's required is sticking to the routine and consistency. You should undergo health check-ups once a year above the age of 40. Similarly, you should review your investment portfolio every 3 months for changes, if any."
Mind Over Money: Are you chasing the ‘crorepati’ tag? Rahul Jain has a game plan
To my mind, buyer beware applies to social media ads and messages as well. Stock market investment is no shortcut to making money and warrants due diligence.It pays to be associated with authentic brokerage houses and join their official WhatsApp handles and Telegram groups, where they share information that leads to intelligent decision-making backed by research.
ETMarkets Trade Talk: Indore trader who turned crorepati by selling options, started with just Rs 5,000
"The biggest mistake of a trader is to think that today's opportunity is the best chance they have. If you think that the coming one will be the best opportunity then you will not make wrong trades and be on the lookout for good ones. When a security is moving down from overbought positions, then you should sell. When it is moving up from an oversold position, then you should buy."
The making of crorepati teachers
A concept these test-prep companies have made short shrift of is that of 'masterji' coming to school on his scooter. Teachers in Kota are making crores of rupees from teaching, a profession widely considered underpaid, says Nitin Vijay, Director and Founder of Motion Institutes in Kota.
‘You owe me Rs 10 from 1977’: KBC contestant makes Big B repay debt, explains why he vowed to boycott actor’s movie once
The contestant narrated an incident after the release of ‘Muqaddar ka Sikandar’.
Can't resist watching IPL, KBC: Indra Nooyi
As Nooyi traced her journey while writing this book, she says, she was in awe of how India has passed so many "intelligent laws to protect its citizens", and how many of these focus on women.
Freshworks IPO has made 500 employees crorepatis, says CEO Girish Mathrubootham
"I want all my employees to have BMWs," Freshworks CEO Girish Mathrubootham had told The Economic Times in an interview in 2015. After the Freshworks IPO, that may have become a reality for at least 500 of them.
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