Saving A Crore May Not Secure Your Financial Future

Hemant Rustagi Chief Executive Officer, Wiseinvest Pvt Ltd.

If you plan and start investing early, you will benefit from the power of compounding and hence can accumulate a large corpus over time even by making smaller contributions

Most of us aspire to become a ‘crorepati’. While there is nothing wrong with that, it is important to analyse whether accumulating a corpus of ₹1 crore will be enough to meet all your financial needs during the different stages of your life. To begin with, you need to follow a process to build your investment portfolio to become a crorepati. The process should begin with ascertaining your time horizon, determining the right asset allocation as well as choosing investment options that can get you the best from the chosen asset classes.