The 10x million plan gives you an accurate strategy of how to become a millionaire 10 times over.
The target of this plan is to generate a corpus of 10 million. We work backwards, and find out how much you need to invest at present, month on month to generate this amount.
The plan uses equity mutual funds to generate an approxmate CAGR of 15%. Mutual fund investments are subject to market risks, but with proper planning, handsome returns can be achieved.
This plan requires a minimum investment of Rs 25000 per month for at least 12 years. If the amount is lower, it will take more time and vice versa.