Want 1 Crore in 10 years? .. Here's how
Want 1 Crore in 10 years? .. Here's how
How to make 1 crore in 10 years , New Bytes - Air India new logo, Direct tax collection and hotstar going down the drain
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Filter Coffee brewed! ☕☕
✔Air India gets a makeover with a new logo
While people trolled the new logo design but AI made the new logo and livery available.
✔Disney+ Hotstar loses 12.5 million subscribers; CEO sheds light on 'strategic' options for TV business
Disney Q3 earnings report -They lost nearly 12 MILLION (!) Disney+ subscribers, including 300K in the US/Canada, and 12.5M in India/Southeast Asia.
Until last quarter, Disney artificially inflated Disney+ total subscribers with Hotstar subscriber figures.
After this quarter's huge loss, they've totally separated Hotstar from their Disney+ total. But using their prior metrics, Disney+ subscribers declined from 157.8 million to 146.1 million in just three months.
✔Direct tax collection rose 15.73% to Rs 6.53 lakh cr till August 10 in the current financial year: Income Tax Department.
Thanks to the nice visuals we can now see Maharashtra has the highest fillings as usual.
We have already covered a story about direct tax:
Money Matters 💰💰💰
I am 30 years old and have a financial goal of 1 crores in 10 years? .. How do I achieve it?
Do you have a financial goal of 1.8 crores in 10 years? If so, you're not alone.
Do take inflation into account though. If your goal is ₹1 crore as per today’s value and if you factor inflation of 6% per annum, then you should ideally plan for ₹1.8 crore after 10 years.
Many people dream of building a large corpus of wealth to secure their financial future. But how do you achieve such a lofty goal?
One way is to invest in equity mutual funds. Equity funds offer the potential for higher returns than other asset classes, such as fixed deposits or bonds. However, they also carry more risk. That's why it's important to invest in a diversified portfolio of equity funds, and to start investing early.
If you're looking to make 1.8 crores in 10 years, you'll need to start investing with a monthly SIP of ₹81,000.
This assumes an annual return of 12%.
But what if you can't afford to invest that much right now?
No problem! You can also build your corpus by increasing your SIP every year by 15%. In this case, you can start with a monthly SIP of ₹47,000.
This strategy is more practical and convenient, as it helps you step up your investment as your income progresses every year.
What if you cannot earn/save 47000 a year!
Here is a complete list to know more about it
No matter which strategy you choose, it's important to invest in a diversified portfolio of equity funds. Here are a few funds that you may want to consider:
UTI / HDFC Nifty Index Fund (20%)
Parag Parikh Flexicap Fund (15%)
SBI Large & Mid Cap Fund (15%)
Kotak Equity Opportunities Fund (15%)
360 One Focused Equity Fund (15%)
Nippon India Growth Fund (10%)
Canara Robeco Small Cap Fund (10%)
It's also important to review your portfolio and its progress every six months. This will help you ensure that your investments are on track to meet your financial goals.