There are various SIP calculators or monthly savings formulas that can help you figure out how much you need to invest on a monthly basis if you want to save Rs 1 crore. For example, if you invest Rs 10,000 per month for 20 years at a 12% annual growth rate, you can save Rs 1 crore. However, there is a crucial aspect that you may be overlooking or overlooking. Yes, inflation's importance should not be overlooked, especially over a longer period of time. Inflation erodes the rupee's purchasing power, and the value of each rupee diminishes over time. Simply put, if you had Rs 1 crore 20 years ago, you could have bought a lot more than you can now. As a result, even if you save for 15, 20, or 30 years and acquire Rs 1 crore or more, the actual value of it at that time will be significantly lower. Assuming a 5% annual inflation rate, Rs 1 crore would be worth around Rs 48 lakh after 15 years! As the temporal horizon lengthens, the value decreases even more. Assuming a 5...
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