How to Use Standard Chartered's Crorepati Calculator Online?

Standard Chartered Bank offers an easy-to-use online SIP crorepati calculator that estimates the investments needed to achieve Rs 1-100 crores. Here is how to use it: Enter the monthly investment amount If you plan to do any lumpsum investment, mention that Mention your investment goal Enter the expected rate of return based on your risk appetite If you wish to achieve your goal faster, select the step up option to increase your yearly investmentThe calculator will help you calculate the period/number of years it will take for you to achieve your goalYou can also view the invested amount and estimated return year on year. The calculator gives you an option to start investing through Internet Banking or mobile banking, immediately after calculating your monthly SIP You also have an option of scheduling a call back with a Wealth Manager in case of any queries Becoming a crorepati may seem difficult but is achievable if you start early and invest smartly

How to become a crorepati?

Here are 5 tips to become a crorepati: Start investing early, as soon as you start earning. Invest often - Set aside monthly money; even small amounts add up over 20-30 years. Invest in equities - Equity mutual funds help benefit from long-term wealth creation. Use the power of compounding by investing for the long term. Most calculators assume reinvestment of gains to harness compounding. Use SIPs, STPs and other methods for disciplined investing. Following the monthly/yearly investment plan projected by the SIP Crorepati calculator ensures discipline.

Crorepati Calculator

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Have you ever wondered what it would be like to have Rs. 1 crore or more in savings? The very thought seems almost unbelievable for most people. However, India has rapidly become an economic powerhouse over the last few decades. As more opportunities open up in business and careers, higher incomes are now achievable if one makes the right financial moves early on. This is where online crorepati calculators come into the picture.
Like GPS navigation guides you to reach any destination on the map, intelligent crorepati calculators empower individuals to chart their way to crorepati status through customized investment planning. By factoring key inputs like your income, expenses, time frame, and risk appetite, these handy tools provide crystal clear guidelines for systematically building your crore kitty. In the section below, we’ll discuss how to become crorepati in 10 years using this calculator.

A crorepati calculator is a wealth creation calculator that helps you determine monthly investment required to become a crorepati.

The calculation is done based on your investment goal where you need to inpout the monthy investment amount, lumpsum investment, if any & the expected rate of return p.a, The calculator shares the number of years it will require to complete your goal based on the input. A yearly breakup of invested amount and estimated returns is available for you to view through the entire period of investment.

The crorepati calculator, uses the power of compounding to determine how to reach your target. crore.
A Crorepati calculator is a user-friendly online tool that functions on a formula to give you accurate estimates of your returns in crores.

So, based on your current valuation or monthly savings capacity, it estimates what annual growth rate your money would need to grow at to give you a crore at the end of your time horizon.

Standard Chartered Bank offers an easy-to-use online SIP crorepati calculator that estimates the investments needed to achieve Rs 1-100 crores. Here is how to use it:

Enter the monthly investment amount If you plan to do any lumpsum investment, mention that Mention your investment goal Enter the expected rate of return based on your risk appetite
If you wish to achieve your goal faster, select the step up option to increase your yearly investmentThe calculator will help you calculate the period/number of years it will take for you to achieve your goalYou can also view the invested amount and estimated return year on year.
The calculator gives you an option to start investing through Internet Banking or mobile banking, immediately after calculating your monthly SIP
You also have an option of scheduling a call back with a Wealth Manager in case of any queries

Becoming a crorepati may seem difficult but is achievable if you start early and invest smartly

1. Ease of Access

SCB Crorepati calculator offers unmatched flexibility. You can obtain investment guidance on reaching your crore target online -anytime, anywhere; just at the click of a few buttons

2. Tax Planning

Once you calculate the monthly SIP amount for investment, you can choose tax-saving investment plans so that you can get the annual tax# benefits under the various relevant sections of the Income Tax Ac

3. Saves Time

Getting personalized investment advice can consume hours. However, a goal based calculator like the crorepati calculator, delivers a tailored recommendation on monthly investment in just a few seconds based on your inputs. Once you have the monthly SIP output, you can choose to speak to a SCB Wealth manager for any queries on investments.

Here are 5 tips to become a crorepati:

Start investing early, as soon as you start earning.
Invest often – Set aside monthly money; even small amounts add up over 20-30 years.
Invest in equities – Equity mutual funds help benefit from long-term wealth creation.
Use the power of compounding by investing for the long term. Most calculators assume reinvestment of gains to harness compounding.
Use SIPs, STPs and other methods for disciplined investing. Following the monthly/yearly investment plan projected by the SIP Crorepati calculator ensures discipline.

You can become a crorepati in 10 years if you have sizable disposable income to invest each month. Assuming Rs. 50,000 invested monthly, a 12% annual return will grow to around Rs. 1 crore in 10 years, while lower monthly investments would take longer.

It is difficult to become a crorepati in just 5 years. It requires high, risky returns above 30% yearly to grow savings from Rs. 10-20 lakhs to Rs. 1 crore in 5 years. It is recommended only for those with sizable surplus funds and high-risk tolerance.

Assuming a 20-year timeline and moderate 12% annual returns, you must invest around Rs 5000 monthly to reach Rs. 1 crore. Lower rates mean investing more per month. Starting age also impacts the total investments needed, so use a Crorepati calculator.

“Standard Chartered Bank, India (‘Bank’) is an AMFI registered distributor of select Mutual Funds and referrer of other third-party investment products. The Q&A (quiz) above is strictly for illustrative purpose only and does not constitute any investment advice by the Bank. Do kindly note, Mutual Funds is just one of the many financial investment options which you can choose for achieving your financial goals. Please obtain independent financial advice before proceeding to transact on the basis of the above information. The Bank does not provide any investment advisory services as defined under the SEBI (Investment Advisers) Regulations, 2013 or otherwise. Investments are subject to market risk. Read scheme related documents carefully before investing. Apart from the RM-assisted journey, SC Invest is an EXECUTION-ONLY platform. The Bank does not offer any investment advice nor does it provide any investment recommendations in respect of any transaction executed through the SC Invest platform.

Results from the calculator are for illustrative purposes only. The calculator is provided only for simulation to give an estimation of the time period and investment amounts needed to achieve a specified investment goal based on a specified rate of return. This rate of return is not guaranteed and neither does it indicate actual, past, predicted or probable values. Investments in mutual funds, are subject to market risks and you may lose all or part of your original investment amount. This page and the calculator are for information and educational purposes and are meant for use only as a reference tool. Applicable taxes and charges if any have not been considered. This page and the calculator have not been prepared for any particular person or class of persons. Please obtain independent financial advice before proceeding to transact on the basis of the above information. The products and services mentioned here may not be suitable for everyone. The value of your investments and the income from them can go down as well as up, and you may not recover the amount of your original investment. In the event that you choose not to seek independent professional advice, you should consider whether the products are suitable for you. Please refer to the relevant offer documents for detailed information.

The contents on this webpage are for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. You are fully responsible for your investment decision, including whether the product or service described here is suitable for you.

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