Starting Investment At 30? Here's How And By When You Can Make Rs 1 Crore

Turning 30 often brings financial priorities into sharper focus, whether it's buying a house, planning for a child's education or just building wealth for the future. If you're starting your investment journey at that age, the good news is it's not too late to accumulate Rs 1 crore. Financial planners assure that with some right planning and discipline, you can get there sooner than you might think.

One of the ways to build wealth is through compounding, where you earn returns not just on your money, but also on the returns you've already made. Even small, regular investments can grow significantly over time.

For example, if you invest Rs 10,000 a month in a mutual fund that delivers an average annual return of 12%, you can reach the Rs 1 crore-mark in around 21 years. This means you can hit your goal by the time you're 51.

If you aim to accumulate Rs 1 crore earlier, say in 15 years, you'll need to increase your monthly investment. At a 12% annual return, investing around Rs 21,500 a month would help you achieve this.

If your time horizon is 10 years, you'd need to invest around Rs 44,700 monthly for the same target.

Clearly, your monthly contribution and investment duration are crucial factors. The longer you stay invested, the less you need to contribute every month.