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How to become a crorepati using your savings:---

To create long term wealth, equity and real estate r the best alternatives. But for real estate u need a gud amount of upfront capital. So it makes more sense to invest into equity oriented MFs. U can consider investing into direct Stocks if u hav the requisite skills in investing and understand the stock mkts well. There is no ideal mix to divide Assets. It depends on individual circumstances. All money that u do not need for the long term (5 yrs or more) should definitely go into equities.

go about financial planning:----

The process (in brief) is as follows:
1. Understand ur own situation in detail. Put all things down on paper - Ur financial position, cash flow status, and then list down ur future needs/objectives in life.
2. Then covert needs into financial goals. And put the financial goals against a timeline (i.e. when u will be needing to make withdrawals from ur investments).
3. Once this is done, look at ur current financial structure and cash flow situation. This will give u an idea of surplus regular investible amount.
4. Run a simulation to find out that by investing the surplus money would u be able to meet ur objectives. If not then u need to fine tune present lifestyle to increase savings to meet those objectives.

Simple Select an option and submit.
High-risk, high-returns
These mutual funds invest your money in stocks which give good earnings but are exposed to high risk.Medium-risk, medium-returns
These mutual funds invest some of your money in stocks and some in safe government securities, thus reducing the risk but also the earnings to some extent.Low-risk, low-returns
These mutual funds invest your money in Government of India bonds, Treasury Bills, etc where the risk is the lowest, but so are the earnings.

Top 25 mutual funds across all categories*

Scheme Annual returns*

Reliance Diversified Power Sector Fund - Growth 81.17

Reliance Diversified Power Sector Fund - Bonus 81.17

Reliance Diversified Power Sector Fund - Dividend 65.85

ICICI Prudential Infrastructure Fund - Growth 49.24

Standard Chartered Premier Equity Fund - Growth 48.96

Standard Chartered Premier Equity Fund - Dividend 48.96

DWS Investment Opportunity Fund - Dividend 46.88

DWS Investment Opportunity Fund - Growth 46.64

Reliance Regular Savings Fund - Equity - Growth 45.47

Escorts Growth Plan - Growth 44.92