Question: How Can I Make 50 Lakhs In 5 Years?

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity FundsAxis Bluechip Fund Monthly SIP Plan.

This is an open-ended equity scheme with a track record of outperformance.

ICICI Prudential Blue chip Fund.

SBI Blue chip Fund.

Mirae Asset Large Cap Fund.

SBI Multicap Fund..

Is LIC better than sip?

LIC, SIP and mutual funds – the bottom line Advise them to, first, aim for financial security by investing in a life insurance plan and then they can plan their investments. … If, however, they want to invest in mutual funds, SIPs are the best way to go about it.

What is the value of 1 lakh?

one hundred thousandA lakh (/læk, lɑːk/; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000.

Which car is best under 50 lakhs?

Top 5 Cars Under 50 LakhModelPrice in New DelhiFord EndeavourRs. 29.99 – 35.10 Lakh*MG GlosterRs. 29.98 – 35.58 Lakh*BMW X1Rs. 36.50 – 42.90 Lakh*BMW 3 SeriesRs. 42.30 – 49.30 Lakh*1 more row

How do you write 55 lakhs?

The number form of 55 lakh is 5500000.

How do you write 50 lakhs?

Note: We found that some people call it 50 lakhs or 50 lac, but the correct way to say it is 50 lakh (lakh without the trailing “s”).

How many dollars is 50 lakhs?

$74,910.50 USDSo 50 lakhs would roughly = $74,910.50 USD, a respectable amount of money.

Which SIP plan is best?

Best SIP Investment Plans 2020Fund Name3 Year ReturnsLinkDSP Equity Opportunities Fund-1.23%Invest NowMotilal Oswal Long Term Equity Fund-1.75%Invest NowAditya Birla Sun Life Pure Value Fund-11.95%Invest NowHDFC Equity Fund-3.98%Invest Now6 more rows•Oct 28, 2020

How much is $1 US in India?

Currency Table USD / INR (12/30/2020)USD$ 1$ 10INR73.29732.85

What is value of 1 cent in Indian rupees?

0.7121The Indian Rupee is split into 100 paise. The Currency of the United States(Dollar) is divided into 100 cents. 1 $ = 71.21 Indian rupees. therefore, 1 cent = 0.7121 Indian rupees.

How can I make 10 lakhs in 5 years?

To create a corpus of Rs 10 lakh in five years, with a monthly investment of Rs 11,000, you need to invest in those schemes that generate 17 per cent returns on a compounding basis. While historically, equity schemes have delivered 17 per cent returns over the last five years, it is safe to lower the expectations.

How can I become Crorepati in 5 years?

wise tips while you are planning to save income tax.Invest in PPF. … Invest in ELSS Tax Saving Mutual funds. … Invest in NPS which can give additional Rs 50K income tax benefit. … Add your contribution to Voluntary Provident Fund which gives you tax benefit + PF interest of approx 8.5%.More items…

Which SIP gives highest return?

6. Best SIP Equity Funds India 2020Fund Name5-Year ReturnsLinkMirae Asset Large Cap Fund Regular Growth8.37%Invest NowAxis Blue Chip Fund8.81%Invest NowICICI Prudential Bluechip Fund Growth6.07%Invest NowSBI Bluechip Fund Regular Growth5.29%Invest Now1 more row•Sep 10, 2020

Which SIP is best for 1 year?

Top 10 Best SIP plans for 1 year-InvestmentReturns in 3 MonthsReturns in 1 YearAditya Birla Sun Life Savings Fund0.9%7.3%ICICI Prudential Ultra Short Term Fund1.2%7.7%India Bulls Ultra Short Term Fund1.2%6.8%Kotak Savings Fund1.1%6.9%6 more rows

What will be value of 1 crore after 20 years?

Rs 1 crore might be too little Sure, Rs 1 crore is a large sum today. … Hold your breath: you need Rs 3.21 crore to buy the same house after 20 years, accounting for an annual inflation of 6 per cent. In other words, Rs 1 crore would be worth 1/3rd of its value (around Rs 31 lakh) today after 20 years.

How can I get 1 crore?

Easiest Way of Accumulating Rs 1 crore With Mutual Funds It says that if one invests Rs 15,000 a month for a period of 15 years in a fund, which offers returns at the rate of 15%, then they would accumulate Rs 1 crore. As per this, you would invest only Rs 27 lakh while you earn Rs 74.53 lakh.

How can I get Crorepati?

B. How to become a Crorepati in 10 yearsConsider your Finances before investing. … Carefully choose a Financial Planner. … Manage expenses wisely to create more savings. … Stay Informed, Stay Focused, Stay Disciplined and be Patient. … Make Planned Investments in the Right Schemes.

How do you write 1 crore 50 lakhs in numbers?

Similarly,10 million (as per the international digit system) or the one crore have 7 zeros (0) in it’s numerical value. To write the 1 crore 50 lakhs in numerical form we just have to replace the first zero with a five, because 50 lakhs is the exact half value of 1 crore. So the numerical value will be; 15000000.