Question: What Can I Do With 5 Crores In India?

What will you do if you win 5 crore?

After winning five crore I might get only four crore in my hand after deducting the tax etc.

I will straightaway deposit this four crore in a reputed bank for a period of 5 years.

This would fetch me an average interest of Rs.

3 lac per month..

How can I earn 5 crores in 5 years?

Earn Rs 1 Crore in 5 years….wise tips while you are planning to save income tax.Invest in PPF. … Invest in ELSS Tax Saving Mutual funds. … Invest in NPS which can give additional Rs 50K income tax benefit. … Add your contribution to Voluntary Provident Fund which gives you tax benefit + PF interest of approx 8.5%.More items…•

Is 1 crore a good salary in India?

More than 49,000 earned an annual salary of over Rs 1 crore. Compared to the number in 2017-18—41,457—there is an increase of 18.5 per cent. … If all taxpayers are included, the number of those with taxable income of more than Rs 1 crore per annum rises to about 1.67 lakh, a 19 per cent rise over 2017-18.

What is the first thing you do when you win the lottery?

1. Take Your Winning Lottery Ticket and Sign It. Verify that you are the owner of the winning lottery ticket by signing it immediately (sign it on the back of the ticket). Keep it in a safe place – a bank safe deposit box will work, as will a home safe.

What will you do if you won 10 million dollars?

How Would I Spend $10 MillionI would get my dream lake house or ocean view home. … I would purchase a nice SUV or Truck. … Help out family and friends. … Setup a perpetual giving fund. … Invest money into Under30wealth.com. … I’d consider paying off some of my rental properties debt. … I’d have some fun. … Build a Business.

What if you won the lottery?

When you win the lottery, you have an important choice regarding your lottery winnings. You can receive a one-time, lump-sum cash payment now, or you can receive annuity payments over the next 30 years. The upfront cash payment would be approximately $176 million for Mega Millions and $112.9 million for Powerball.

Who is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.

What business can I start with 1 crore?

For most people, blogging serves as a good pastime, a forum to air or read views and opinions. However, for four yuppies from Chennai, harnessing the power of blogs has proved to be a money-minting venture—a Rs 1 crore business, to be precise.

What will you do if you get 1 crore rupees?

Where do you invest to get maximum revenue if you have 1 crore rupees?Invest in real estate: Invest in real estate can be a very good option as you have a big amount which can easily be used. … Invest in stocks: If you can bear the risk, invest in stocks for a better revenue.More items…•

Is 50000 a good salary in India?

For most people in India, 50,000 still remains an unbelievably large amount. India is a poor country with very low per capita income. So in general, it is a very good salary. … So in general, it is a very good salary.

How can I make 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

Is 30 lakhs a good salary in India?

Every fresher coming to search for a job mostly gets paid among 4 to 5 lakhs per annum in India except NIT and IIT grads who generally get paid 7 to 8 lakhs per annum. … But after almost 5 to 6 years of experience and with skills a person in India can get 25 lakhs to 30 lakhs per annum.

How can I earn 10 crores in 5 years?

l By taking a conservative approach you would need to invest 13.89 or 14 lacs per month crores to reach the 10 crore mark if you wish to make this happen in 5 years. If you can let this happen over 25 years you will need 1.23 lacs invested per month to reach that mark.

How can I make 100 crores?

Suppose your age is 25 and you have an investible surplus of 10 lakh rupees. If you invest 10 lakh rupees in the stock market and be able to generate a return of 24 to 25 % in 30 years these 10 lakhs will become 100 crores!!

Is one crore rupees enough to retire?

On the face of it, a nest egg of Rs 1 crore appears big enough to sustain a retiree’s expenses for life. If put into an annuity plan when the individual is 60 years old, the corpus can yield a monthly pension of about Rs 70,000 for life.

How can I convert 10 lakhs to crores?

Since a lakh is one hundred times smaller than a crore, you can divide 10 lakhs by one hundred to get 10 lakh converted to crore. Here is the answer with the math showing you how to convert 10 lakh to crore by dividing 10 lakh by 100.