Can you make Rs 10 crore by investing Rs 10 lakh for 10 years? Here’s what IIFL’s Piyush Chandra has to say
Investing Rs 10 lakh today for ten years and earning Rs 10 crore is practically impossible. Even by investing Rs 4 lakh a month through SIP for ten years, the returns will not achieve the desired amount, with even a 12% CAGR on Nifty requiring Rs 4,35,000 monthly investments. A clear investment objective, review and rebalancing of portfolios, and investing for a long-term are crucial for building long-term wealth.
