To become a crorepati, you must learn how wealth can be maximized and diversified.
Use our crorepati calculator to know how much money you have to save on a monthly basis to reach your goal of becoming crorepati.
Target Amount (₹)
Time Period
Return Rate
Monthly Investment Required (₹)
₹ 43,000
Invested Amount (₹ 6,700,000)
Target Amount (₹ 1,00,00,000)
“Crorepati”, this is one trait which probably everyone has fantasized about at least once in their entire lifetime. But almost everyone gives up on their dream to become a crorepati just because they don’t have the proper resources, ideas, and skills to become one. But, there are quite effective methods which can contribute significantly to helping you become the crorepati of your dreams. The main objective is to create a substantial and significant wealth over time and that objective drives investors to invest in various businesses and companies. One can invest and become a crorepati over time through systematic planning and choosing the correct investment options.
So, how to become a crorepati and is it even possible? Fortunately, the answer to this question is a simple yes but only through systematic planning and making smart investments. You can even predict that you will be able to become a crorepati through your current plans by using our “Crorepati Calculator”!
Crorepati calculator is a tool where you can find out that how much money you need to save and invest every month from your income at a specified rate of return on investment to become a crorepati within the time period you wish. But how does a Crorepati Calculator work? It’s quite easy to use the Crorepati Calculator and all you need is to follow the simple steps:
1. Enter the target amount in crores ( min. amount to be entered is 1 crore).
2. Enter the time you want to be a crorepati by.
3. Rate of return you are receiving on your investments.
By using our crorepati calculator, you will get answer to your questions like ”How much I should invest from my income to become a crorepati?”.
Becoming a crorepati is not an easy task. It takes several years to put in all the smartness and sincere efforts to become a crorepati. Some aspire to become a crorepati in 5 years, 10 years or even 15 years. Henceforth, time is a major factor. The lesser the duration is, the more difficult it will be to be crorepati in that specified time. But how to become a crorepati in India?
We generally associate only celebrities like movie stars, sports person, businessmen etc. as crorepatis but is it possible for a common man to become a crorepati? The answer is yes and to become a crorepati in India, you must follow the following steps:
1. Start a SIP: You must start a SIP in a good diversified equity mutual funds. Let's say that you can start with a humble sum of Rs.1000 for the first 12 months which equals to Rs.12000 in a year.
2. Increase SIP by 10%: After completing the 12th, increase the monthly SIP contribution by 10% but you must make sure that the SIP contribution is made in a good diversified equity mutual fund which means that if in the 1st year the contribution was Rs.1000 per month, then the contribution in the 13th month must become Rs.1100. Then continue investing Rs.1100 till the end of the 24th month.
3. Increase SIP further by 10%: After completing the 24th month, again increase the monthly SIP contribution by 10%. As stated above, make sure that the SIP contribution is made again in a good diversified equity mutual fund. If in the 2nd year, the contribution was Rs.1100 per month, then the contribution in the 25th month must become Rs.1210. Then continue investing Rs.1,210 till the end of the 36th month.
| Year | Contribution From Last Year | SIP | Current Year Contribution | Total Invested Amount | Expected Return | Corpus |
|---|---|---|---|---|---|---|
| 1 | 0 | 1,000 | 12,000 | 12,000 | 15% | 13,800 |
| 2 | 13,800 | 1,100 | 13,200 | 27,000 | 15% | 31,050 |
| 3 | 31,050 | 1,210 | 14,520 | 45,570 | 15% | 52,405 |
| 4 | 52,405 | 1,331 | 15,972 | 68,377 | 15% | 78,634 |
| 5 | 78,634 | 1,464 | 17,569 | 96,203 | 15% | 1,10,633 |
| 6 | 1,10,633 | 1,610 | 19,326 | 1,29,959 | 15% | 1,49,453 |
| 7 | 1,49,453 | 1,771 | 21,258 | 170,712 | 15% | 1,96,319 |
| 8 | 1,96,319 | 1,948 | 23,384 | 2,19,704 | 15% | 2,52,659 |
| 9 | 2,52,659 | 2,143 | 25,723 | 2,78,382 | 15% | 3,20,140 |
| 10 | 3,20,140 | 2,357 | 28,295 | 3,48,435 | 15% | 4,00,701 |
| 11 | 4,00,701 | 2,593 | 31,124 | 4,31,825 | 15% | 4,96,599 |
| 12 | 4,96,599 | 2,853 | 34,237 | 5,30,837 | 15% | 6,10,462 |
| 13 | 6,10,462 | 3,138 | 37,661 | 6,48,123 | 15% | 7,45,342 |
| 14 | 7,45,342 | 3,452 | 41,427 | 7,86,769 | 15% | 9,04,785 |
| 15 | 9,04,785 | 3,797 | 45,569 | 9,50,355 | 15% | 10,92,909 |
| 16 | 10,62,908 | 4,177 | 50,126 | 11,43,035 | 15% | 13,14,491 |
| 17 | 13,14,490 | 4,594 | 55,139 | 13,69,630 | 15% | 15,75,075 |
| 18 | 15,75,075 | 5,054 | 60,653 | 16,35,729 | 15% | 18,81,088 |
| 19 | 18,81,088 | 5,559 | 66,719 | 19,47,807 | 15% | 22,39,978 |
| 20 | 22,39,978 | 6,115 | 73,390 | 23,13,369 | 15% | 26,60,374 |
| 21 | 26,60,374 | 6,727 | 80,729 | 27,41,104 | 15% | 31,52,270 |
| 22 | 31,52,269 | 7,400 | 88,802 | 32,41,073 | 15% | 37,27,234 |
| 23 | 37,27,233 | 8,140 | 97,683 | 38,24,917 | 15% | 43,98,655 |
| 24 | 43,98,654 | 8,954 | 1,07,451 | 45,06,106 | 15% | 51,82,022 |
| 25 | 51,82,022 | 9,849 | 1,18,196 | 53,00,219 | 15% | 60,95,252 |
| 26 | 60,95,252 | 10,834 | 1,30,016 | 62,25,269 | 15% | 71,59,059 |
| 27 | 71,59,058 | 11,918 | 1,43,018 | 73,02,077 | 15% | 83,97,388 |
| 28 | 83,97,388 | 13,109 | 1,57,319 | 85,54,708 | 15% | 98,37,915 |
| 29 | 98,37,914 | 14,420 | 1,73,051 | 1,00,10,967 | 15% | 1,15,12,612 |
| 30 | 1,15,12,611 | 15,863 | 1,90,357 | 1,17,02,969 | 15% | 1,34,58,414 |
As you can make out from the table, by following the above steps, you can become a crorepati in 29 years.
Almost everyone is well aware that saving at an early age bears better fruits in the future but still, the young generation lacks this tactic. A rupee invested today is worth more than a rupee invested in the future. The sooner one starts saving and investing, the greater the benefits one may get. The following are the benefits of starting savings and planning finances at an early age:
1. Power of compounding: Power of compounding enables you to earn extra money on the interests received from investments and savings in a definite period of time.
2. Financial Discipline: By starting early, you can learn financial discipline. If you invest some amount of your salary, you get to know exactly how much of it is left with you. In this process of saving, you will gradually develop a habit of spending less which automatically inculcates financial discipline in you.
3. Manage your investment risk better: Markets are quite uncertain. From time to time, the capital markets have favored investors with long investment horizons. A long time horizon ensures that the effect of the inevitable market volatility is minimized. Henceforth, by starting early you give your money that extra time to mitigate the market risk.
4. Correct your past financial mistakes: Many people fall prey to bad financial decisions often. Quite often people at an early phase while defining their portfolio allocation, generally make mistakes in choosing the best one that suits them. By starting early, you give yourself that extra time during which you can correct your past financial mistakes.
5. Mitigate risks of life: Saving early enables you to have enough financial support in the future.
All the above-mentioned methods help you achieve the dream of becoming a crorepati. But still time is a major factor and people do ask questions like, “How to become a crorepati in 5 years?” or “How to become a crorepati in 15 years?” and so on. Below we have given an idea to how to become a crorepati in 5 and 10 years.
Becoming a crorepati in a span of such a short time like 5 years is a very difficult task but is achievable if done according to solid planning. Say you are getting an annual return of 15% then you must invest Rs.1 Lakh per month for the first 12 months which amounts to Rs.12 Lakhs per year.
After completing the 12th month, increase the monthly SIP contribution by 10% but you must make sure that the SIP contribution is made in a good diversified equity mutual fund which means that if in the 1st year the contribution was Rs.1 Lakh per month, then the contribution in the 13th month must become Rs.1,10,000. Then continue investing Rs.1,10,000 till the end of the 24th month.
After completing the 24th month, again increase the monthly SIP contribution by 10%. As stated above, make sure that the SIP contribution is made again in a good diversified equity mutual fund. If in the 2nd year, the contribution was Rs.1,10,000 per month, then the contribution in the 25th month must become Rs.1,21,000. Then continue investing Rs.1,21,000 till the end of the 36th month and then follow the table given below:
| Year | Contribution From Last Year | SIP | Current Year Contribution | Total Invested Amount | Expected Return | Corpus |
|---|---|---|---|---|---|---|
| 1 | 0 | 100,000 | 12,00,000 | 12,00,000 | 15% | 13,80,000 |
| 2 | 13,80,000 | 1,10,000 | 13,20,000 | 27,00,000 | 15% | 31,05,000 |
| 3 | 31,05,000 | 1,21,000 | 14,52,000 | 45,57,000 | 15% | 52,40,550 |
| 4 | 52,40,550 | 1,33,100 | 15,97,200 | 68,37,750 | 15% | 78,63,413 |
| 5 | 78,63,413 | 1,46,410 | 17,56,920 | 96,20,333 | 15% | 1,10,63,382 |
Before you even question, I would like to tell you that, yes it is possible to become a crorepati in 10 years. Mutual funds are one of the most popular and preferred investment options among investors and offer good returns over a period of time. Below are the steps one must follow to become a crorepati in 10 years:
1. Consider your finances before investing: If your monthly income is Rs.60000, you must carefully plan the monthly expenditures leading to the annual expenditure planning and accordingly you can plan the amount you can save every month. If the monthly expenses are said Rs.25000, then the savings will be around Rs.35000 which may provide a good investment opportunity to start investing in the correct schemes.
2. Carefully choose a financial planner: Always take the advice of an expert financial planner/advisor as they are maestros in this league.
3. Manage expenses wisely to save efficiently: It is a very popular notion that, ‘Money saved is money earned’. Extra or unneeded expenses create financial burdens which can harm you financially.
4. Stay aware, focused, disciplined and patient: Financial markets are highly volatile and are very uncertain. Being aware of the market conditions can lead to better planning and preparation for investment needs. Be disciplined and focused regarding savings and investment plans and be patient and watchful.
5. Make planned investments in the right schemes: There should be a balance in the schemes chosen so as to diversify the risk of losing out and minimizing the risk and balancing the gains.
a. SIP in Index Mutual Funds- You can start by investing in Index Mutual Funds through SIP, say 20% of the monthly investment. The risk involved in this method is moderately high and returns are expected at 10-12%.
b. SIP in Equity mutual Funds- You can start by investing 30% of the monthly investment and returns expected at 14-18%. The right schemes to pick may include large-cap, mid-cap and multi cap. The associated risk in this plan ranges from moderate to high.
c. SIP in Balanced Mutual Funds- You can start with 30% of the monthly investment with risk ranging from moderate to high and expected returns 12-14%.
d. Investment in Bank Recurring Deposits- You can start with 20% of the monthly investment with an expected return of around 7% per annum with none to low risk.
To become a crorepati in 10 years, you need to plan in the following way – say you are getting an annual return of 15% then you must invest Rs.25,000 per month for the first 12 months which amounts to Rs.3,00,000 per year.
After completing the 12th month, increase the monthly SIP contribution by 10% but you must make sure that the SIP contribution is made in a good diversified equity mutual fund which means that if in the 1st year the contribution was Rs.25,000 per month, then the contribution in the 13th month must become Rs.27,500. Then continue investing Rs.27,500 till the end of the 24th month.
After completing the 24th month, again increase the monthly SIP contribution by 10%. As stated above, make sure that the SIP contribution is made again in a good diversified equity mutual fund. If in the 2nd year, the contribution was Rs.27,500 per month, then the contribution in the 25th month must become Rs.30,250. Then continue investing Rs.30,250 till the end of the 36th month and then follow the table given below:
| Year | Contribution From Last Year | SIP | Current Year Contribution | Total Invested Amount | Expected Return | Corpus |
|---|---|---|---|---|---|---|
| 1 | 0 | 25,000 | 3,00,000 | 3,00,000 | 15% | 3,45,000 |
| 2 | 3,45,000 | 27,500 | 3,30,000 | 6,75,000 | 15% | 7,76,250 |
| 3 | 77,650 | 30,250 | 3,63,000 | 11,39,250 | 15% | 13,10,138 |
| 4 | 13,10,138 | 33,275 | 3,99,300 | 17,09,438 | 15% | 19,65,853 |
| 5 | 19,65,853 | 36,602 | 4,39,230 | 24,05,083 | 15% | 27,65,846 |
| 6 | 27,65,846 | 40,262 | 4,83,135 | 32,48,999 | 15% | 37,36,348 |
| 7 | 37,36,348 | 44,289 | 5,31,468 | 42,67,817 | 15% | 49,07,989 |
| 8 | 49,07,989 | 48,717 | 5,84,615 | 54,92,604 | 15% | 63,16,495 |
| 9 | 63,16,495 | 53,589 | 6,43,077 | 69,59,572 | 15% | 80,03,507 |
| 10 | 80,03,507 | 58,948 | 7,07,384 | 87,10,892 | 15% | 1,00,17,525 |
Here are some steps you must follow to become a crorepati in 15 years:
1. Manage your expenses: It is very essential for you to honor your present financial commitments as well as for the future. Henceforth, you must cut down on unnecessary expenses and save as much money as possible.
2. Take professional help: It is highly recommended that you take professional help like taking help from a financial planner to develop a well-rounded financial plan that not only helps you financially in the future but also helps you in the present.
3. Invest in mutual funds: One of the highest risk adjusted return yielding investment avenues available in the market are mutual funds. Consider their past performance and your financial profile before making an investment.
4. Tax Saving Investment: Many investment options allow you to claim a deduction of up to Rs.1.5 Lakhs from your taxable income. ELSS, PPF, NPS, NSC, Tax-saving FD are some of the investment avenues that can offer you stable return as well as reduce the tax liabilities.
To become a crorepati in 15 years, you need to plan in the following way – say you are getting an annual return of 15% then you must invest Rs.10,000 per month for the first 12 months which amounts to Rs.1,20,000 per year.
After completing the 12th month, increase the monthly SIP contribution by 10% but you must make sure that the SIP contribution is made in a good diversified equity mutual fund which means that if in the 1st year the contribution was Rs.10,000 per month, then the contribution in the 13th month must become Rs.11,000. Then continue investing Rs.11,000 till the end of the 24th month.
After completing the 24th month, again increase the monthly SIP contribution by 10%. As stated above, make sure that the SIP contribution is made again in a good diversified equity mutual fund. If in the 2nd year, the contribution was Rs.11,000 per month, then the contribution in the 25th month must become Rs.12,100. Then continue investing Rs.12,100 till the end of the 36th month and then follow the table given below:
| Year | Contribution From Last Year | SIP | Current Year Contribution | Total Invested Amount | Expected Return | Corpus |
|---|---|---|---|---|---|---|
| 1 | 0 | 10,000 | 1,20,000 | 1,20,000 | 15% | 13,800 |
| 2 | 1,38,000 | 11,000 | 1,32,000 | 2,70,000 | 15% | 3,10,500 |
| 3 | 3,10,500 | 12,100 | 1,45,200 | 4,55,700 | 15% | 5,24,055 |
| 4 | 5,24,055 | 13,310 | 1,59,720 | 6,83,775 | 15% | 7,86,341 |
| 5 | 7,86,341 | 14,641 | 1,75,692 | 9,62,033 | 15% | 11,06,338 |
| 6 | 11,06,338 | 16,105 | 1,93,261 | 12,99,599 | 15% | 14,94,539 |
| 7 | 14,94,539 | 17,715 | 2,12,587 | 17,07,127 | 15% | 19,63,196 |
| 8 | 19,63,196 | 19,487 | 2,33,846 | 21,97,042 | 15% | 25,26,598 |
| 9 | 25,26,598 | 21,435 | 2,57,231 | 27,83,829 | 15% | 32,01,403 |
| 10 | 32,01,403 | 23,579 | 2,82,954 | 34,84,357 | 15% | 40,07,010 |
| 11 | 40,07,010 | 25,937 | 3,11,249 | 43,18,259 | 15% | 49,65,998 |
| 12 | 49,65,998 | 28,531 | 3,42,374 | 53,08,372 | 15% | 61,04,628 |
| 13 | 61,04,628 | 31,384 | 3,76,611 | 64,81,239 | 15% | 74,53,425 |
| 14 | 74,53,425 | 34,522 | 4,14,273 | 78,67,698 | 15% | 90,47,853 |
| 15 | 90,47,853 | 37,974 | 4,55,700 | 95,03,552 | 15% | 1,09,29,085 |
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