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  • News From Press How can I accumulate ₹75 lakh corpus for my business in 5 years?

    How can I accumulate ₹75 lakh corpus for my business in 5 years?

    Source:Mint Apr 4, 2024

    I am a 35-year-old professional earn ₹1.5 lakh out of which I can invest half every month. I have used my savings to buy a house and now I have around ₹6 lakh in the bank. I want to start my own business in 5 years and I will need ₹75 lakh for this. How will I be able to reach this goal and what funds should I invest in?Usually, there are two ways to work on a monthly investment plan for goals that are for the long term. Your goal of creating a corpus of ₹75 lakh over five years has a reasonable time horizon. One approach is where you invest the same amount every month for the coming five years. 

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