By investing as little as Rs. 3000 per month, and your children can hope to get a rupees one crore (as per chart below) each when they are grown up and needs it the most.
Create wealth through Systematic Investment Plans (SIP) of top-ranking Equity Mutual Funds growth schemes. Bajaj Capital represents Mutual Funds promoted by State Bank of India, Life Insurance Corporation of India,Pru ICICI, HDFC, Tata, Reliance, Franklin Templeton, Fidelity etc.Growth calculation chart as under:
Power of compounding Rs. 3000 Per MONTH is likely to grow to Rs. 1 CRORE or more as follow
Create wealth through Systematic Investment Plans (SIP) of top-ranking Equity Mutual Funds growth schemes. Bajaj Capital represents Mutual Funds promoted by State Bank of India, Life Insurance Corporation of India,Pru ICICI, HDFC, Tata, Reliance, Franklin Templeton, Fidelity etc.Growth calculation chart as under:
Power of compounding Rs. 3000 Per MONTH is likely to grow to Rs. 1 CRORE or more as follow
| Year | Amount | Year | Amount |
| 1 | 36000 | 13 | 1519872 |
| 2 | 78480 | 14 | 1829449 |
| 3 | 128606 | 15 | 2194750 |
| 4 | 187756 | 16 | 2625805 |
| 5 | 257552 | 17 | 3134449 |
| 6 | 339911 | 18 | 3734650 |
| 7 | 437095 | 19 | 4442887 |
| 8 | 551772 | 20 | 5278607 |
| 9 | 687091 | 21 | 6264756 |
| 10 | 846767 | 22 | 7428412 |
| 11 | 1035185 | 23 | 8801526 |
| 12 | 1257519 | 23.8 | 10075945 |
*Calculated at an expected 18% rate of return per annum from equity Mutual Funds in India, though the average return for the last 10 years has been more than 35% per annum in top ranking diversified equity Mutual funds. This is a hypothetical example showing power of compounding and benefit of long term equity investment
Ashish Kamthania,
(BSC,BED,PGDCA,MBA,LLB,LLM)
(Tax Consultant & Advocate)
Income Tax, Commercial Tax, Service Tax, Company Law,
Income Tax, Commercial Tax, Service Tax, Company Law,
Society(NGO), 12A, 80G & Trade Mark.
PAN, TAN, TIN, ROC, E-FILE, TDS, RETURNS, REFUNDS, AND ACCOUNTING.
Residence : 23, Tilak Colony, Rampur - U.P. 244901 INDIA
Office : Near Commercial Tax Office, Suraj Cinema Road, Rampur
Mobile : 09258010105, 9219727427
email : kamthaniya@gmail.com , TaxGuru.ak@gmail.com
website : www.kamthania.in
blog : http://ashish-kamthania.
PAN, TAN, TIN, ROC, E-FILE, TDS, RETURNS, REFUNDS, AND ACCOUNTING.
Residence : 23, Tilak Colony, Rampur - U.P. 244901 INDIA
Office : Near Commercial Tax Office, Suraj Cinema Road, Rampur
Mobile : 09258010105, 9219727427
email : kamthaniya@gmail.com , TaxGuru.ak@gmail.com
website : www.kamthania.in
blog : http://ashish-kamthania.
