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5 steps to becoming a crorepati

10 Mins 25 Oct 2022 0 COMMENT


Kaun Banega Crorepati was a show that gained quite some popularity in the 90s. With Big B’s booming voice and personality, and contestants answering questions to become a crorepati, it became the dream of many middle-class Indians to achieve that stature of wealth.

In today’s day and age, this dream is no longer unachievable. You don’t have to go on a reality show or achieve a windfall gain to become rich. With the right planning, investing, and execution, it is possible for you to become a crorepati.

Who Is considered a crorepati?

In India, anyone who has net savings worth over Rs. 1 crore is considered a crorepati. The assets could be diversified among various investments such as equity, gold, real estate and other instruments.

How to become a crorepati?

Accumulating that level of wealth is no easy feat, but it isn’t unachievable. As you work towards your dream, you need to have a clear roadmap, a plan that guides you, and a relentless approach.

Let’s illustrate with an example of how to become a crorepati in a period of time.

Say hi to Rakesh, Ramesh and Gaurav.

Rakesh is young – at 30, he has realized he wants to be a crorepati by the time he turns 60. Ramesh is 35 years old and has the same goal. Gaurav is the oldest amongst the lot – he is 40 years and is determined to become a crorepati too.

Here’s how their investments would look:


Goal (Rs.)

Years Until Retirement

Assumed Rate of Return

Investment Amount Per Month (Rs.)





Rs. 4,424





Rs. 7,537





Rs. 13,169

*The above calculation is for illustration purposes only

Now these figures are not adjusted for inflation. If you account for inflation, they would have to save a lot more to achieve their final financial goal.

As you can see, investing regularly even at a moderate rate of return can help you become a crorepati.

Where to invest?

The next relevant question that comes to mind is where to invest to become a crorepati? You may not be able to earn higher returns by investing in fixed deposits or even debt mutual funds since they are not market-linked. Instead, you should consider investing in assets such as equities, equity mutual funds and other appreciating assets such as gold and real estate.

If you invest in the right equities, you can make up to 15% annualized return a year in India. Equity mutual funds can give you returns of 10%-12%. Real estate has appreciated roughly 45% in the last 20 years.

The ideal way to go about building your dream corpus is to diversify your investments. This way, the returns from different investments can add up to give you the desired results.

5 steps to become a crorepati

Consider your finances

Before you embark on your journey to become a crorepati, consider your financial situation. How much money do you make? How much can you set aside every month towards your goal without compromising your other needs? Answering these questions will help you estimate an amount that you can save.

Manage expenses wisely

If you are unable to come up with the money you need to reach your goal comfortably, consider taking a look at your finances closely. Make a budget and reassess your expenses. Cut out unnecessary expenses from your life.

Be disciplined

You need to keep investing regularly to reach your goal. That requires a lot of discipline. Investing in a SIP or SEP and automating your investment can help you stick to your plan.

Get help

Hiring a financial planner or even using a tool such as LIFEY can help you reach your goal more easily. LIFEY is a great tool to help you reach your financial goals. All you need to do is set the right expectations and LIFEY will give you a customized plan to help you reach your bio-individual goals.

Invest in the right schemes

It is important that you make the right investments to reach your goal. Once again, choosing to invest with LIFEY can help you make the right decision.

Invest with LIFEY

LIFEY is an investment solution that helps you allocate your assets in an intelligent manner and build portfolios which helps you meet your lifestage milestones. If your goal is wealth accumulation and to become a crorepati, using LIFEY, you can invest in the right instruments to achieve your goal.

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