Crorepati Tips: This formula is a hit to become a millionaire! Build a bank balance of 1.1 crore by saving Rs 300 every month – how to become a millionaire know details

Do savings for long term

To become a crorepati, it is most important that you invest for a long time. For this, as soon as you get the salary every month, you have to set aside the savings money from it. According to experts, equity mutual funds are the best option for investors who want to see their investments run into crores. If someone starts investing at the age of 30, then he has the opportunity to invest daily for 30 years. They should invest in Systematic Investment Plan (SIP) of equity mutual funds.

Create a fund of crores in this way

To become a millionaire, you have to save 20 to 25 rupees every month. If you save even Rs 10 a day, you will save Rs 300 a month. Now if you SIP it in Mutual Fund then you can create a good fund. If you do SIP of Rs 300 every month for 35 years and you get 18% return on it, then after 35 years you will get a return of Rs 1.1 crore.

Income Tax Saving: If you want to save income tax, then do this work before March 31, 68000 cases are on the radar of Income Tax Department

start like this

You do not need much investment to invest in mutual funds. You can also start with an investment of Rs 400 to 500 per month. People earning 15 to 20 thousand rupees every month can also become millionaires by investing in long term.