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A calculator for your Crorepati Dream

What would you do if you had a crore? Buy your dream home? A farmhouse? or A yacht? We have all dreamt of it; we all work towards it. Your 1st Crore is special, and it is the culmination of your efforts and hard-earned money. And a popular misconception is that earning heaps of money is half the battle won. It does help if you earn more, but how soon you achieve this milestone depends on how efficiently you save and regularly invest to accumulate wealth.

How many Crores (at current value) you would need to consider yourself wealthy (₹)
Your current age (in years)
The age when you want to become a Crorepati (in years)
The expected rate of inflation over the years (% per annum)
What rate of return would you expect your SIP investment to generate (% per annum)
How much savings you have now (₹)
  • Your targeted Wealth Amount
    (Inflation adjusted)

  • Growth of your Savings Amount
    ( % per annum)

  • Final Targeted Amount
    (Minus growth of your savings amount)

  • Number of years you need to save

  • Monthly SIP investment required
    to become Crorepati

  • Total Amount Invested through SIP in years

Total Growth Amount

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It is proven time and again that disciplined and planned investments bring you closer to accomplish the goal of wealth accumulation. A tool that can help you aim for dream of becoming a Crorepati - a Crorepati Calculator’

A Crorepati Calculator

a Crorepati Calculator is a readily available tool. You can use it to calculate the investment amount required per month which may help to become a crorepati. Following is the information it would require for you:

  • the amount in crores you consider to become wealthy
  • your age at present
  • the age at which you want to become a crorepati
  • the expected rate of inflation over the years
  • expected rate of return from your investment
  • your total savings at present

And as a result, it will tell you details about your investment requirements:

  • Your targeted Wealth Amount (Inflation adjusted)
  • Growth of your Savings Amount
  • Final Targeted Amount after deducting growth of your savings amount
  • Number of years you need to save
  • Monthly investment required to become Crorepati
  • Total Amount Invested
  • And the Total Growth Amount

Disclaimer: The above results are for illustration purpose only. Please get in touch with a professional advisor for a detailed suggestion. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as a promise on minimum returns and/or safeguard of capital. While utmost care has been exercised while preparing the calculator, NIMF does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. Given the individual nature of tax consequences, each investor is advised to consult his/her professional tax/financial advisor before making any investment decision.

The information/illustrations provided herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, associates or representatives (‘entities & their associates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their associates including persons involved in the preparation or issuance of this material, shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

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