For instance, let's suppose that you need to cobble together ₹10 crore over 40 years and you reckon on getting an investment return of 12% per year. If you pop the numbers into Excel, you'll see that you have to save a paltry-looking ₹7,960 per month.
If you start 10 years later, at the same 12% per year investment return, you'll now have to save a difficult ₹28,000 per month. What if we did fancy to get higher investment return, which would surely get us to our ₹10 crore over 20 years? Well, at ₹88,000 this is not easy. What about getting to ₹10 crore in 20 years with a smaller amount and a higher rate or return?
Bu hikaye The New Indian Express Sambalpur dergisinin December 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The New Indian Express Sambalpur dergisinin December 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Row over 'stay indoors' plea to Muslims on Holi
POLITICAL tensions are escalating in Bihar following a senior BJP MLA's request to the minority community to stay indoors during the Holi festival to prevent any untoward incident.
Forest dept on toes to check spread of wildfire
FOREST staff across Koraput district's two forest divisions, Jeypore and Koraput, have mounted efforts to prevent and control forest fire in different forest locations.
Good governance, growth govt's priority
BJP's electoral supremacy in C'garh reflects people's approval of govt initiatives, achievements in past 13 months: Sai
Anurag Thakur Set to Contest for Top Post in BFI Elections
In a dramatic twist to Boxing Federation of India (BFI) elections, former sports minister Anurag Thakur's name has been nominated from the Himachal Pradesh Boxing Association (HPBA) as one of the two members of the electoral roll.
Consensus eludes BJP on new state president
DESPITE three meetings of the BJP core committee, the party seems to be still far from reaching consensus on its new state president.
WPL: Kaur, Kerr show guides Mumbai home
BHARTI Fulmali's 62 went in vain as Mumbai Indians defeated Gujarat by nine runs in the Women's Premier League on Monday.
State pitches Rath Yatra for UNESCO Heritage status
AFTER a gap of three years, the state government has renewed its efforts in getting the UNESCO Intangible Heritage tag for the Rath Yatra in Puri.
ED Raids on Baghel's Son in Liquor Case Spark Cong Protests in House
The Enforcement Directorate (ED) on Monday raided the Bhilai residence of former Congress CM Bhupesh Baghel as part of a money laundering investigation against his son in the alleged liquor scam case.
Sops for tea workers and youth in election-centric budget of Himanta govt
THE BJP-led Assam government on Monday presented a populist budget to woo tea garden workers, lower income group people, farmers and youth as Assembly elections are due early next year.
Oppn walkout in RS after delimitation, NEP uproar
THE Opposition in Rajya Sabha on Monday created uproar over various contentious issues including delimitation, New Education Policy (NEP), and the USAID and staged a walk-out, when their motions for suspension of businesses were disapproved by the chair.
