Every body wants to become wealthy but there is no short cuts to become wealthy. Here I have provided four different scenarios to understand...
Here I have provided four different scenarios to understand that how you become wealthiest person. Meanwhile you also understand that how much money you will get after few years of investing in Fixed deposit, Public provident fund Mutual Fund and equity.
Please download Excel calculator where you don't have to enter in highlighted cell. For example purpose I have provided approximate return or value for Fixed deposit, public provident fund, Mutual fund and Equity.
Fixed Deposit : One time Investment of 20,000 amount at the 5.5% return for 20 year, the amount will be 58,355 after 20 year.
And Investment of 20,000 every year at the 5.5% return for 20 year , the amount will be 6,97,366 after 20 year.
Public Provident fund: One time Investment of 20,000 amount at the 8% return for 20 year, the amount will be 93,219 after 20 year.
And investment of 20,000 every year at the 8% return for 20 year , the amount will be 9,15,239 after 20 year.
Mutual Fund : One time Investment of 20,000 per year at the 11% return for 20 year,the amount will be 1,78,700 after 20 year.
Investment of 20,000 every year at the 11% return for 20 year , the amount will be 1,73,12,761 after 20 year.
Equity: One time Investment of 20,000 per year at the 13% return for 20 year, the amount will be 2,65,536 after 20 year.
Investment of 20,000 every year at the 13% return for 20 year , the amount will be 2,26,64,847 after 20 year.
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Disclaimer: I am not SEBI approved Analyst or advisor. Investor/Traders must do his/her own Study and analysis before investing
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