A conservative trader and investor needs to invest Rs 17000 per month to become a Crorepati in next 20 years and we have arrived at this figure by using following two parameters:
- 8% return
- Debt Instruments
If you have some spare cash say Rs 22 Lakh, than just invest it for full 20 years and you are going to become a Crorepati in India.
A Word of Caution
Do not fall in a trap of becoming a Crorepati as by the time you become a Crorepati in 20 years, half of the value of the money will be eaten by inflation monster. So live your life now and save judiciously by proper planning and do not get blinded by a word Crorepati.