How To Earn One Crore in 5 Years?

By Okbima 14 Aug 2023 155


One crore rupees might seem like a large sum to many people. Still, experts in the investing market suggest a few things for an effective financial strategy. You can undoubtedly become a millionaire by selecting an investment that offers good returns and avoids inflationary impacts over the long term. However, it will need significant investment to raise one crore in five years.


How Can You Make One Crore in Five Years?

Every profession has its insider information and methods for reaching goals. Similarly, managing and monitoring one's portfolio actively is necessary to earn one crore in five years. Additionally, everybody can benefit from a few fundamental pointers.

1. Save Regularly and Early

Early and consistent savings are essential for accumulating wealth. You have more time for your money to grow if you start early. Make cuts to wasteful spending and establish a budget first. Invest in a strong-return investment plan with at least 20 to 25 percent of your monthly income.

2. Buy Equity Mutual Funds

In the long run, equity mutual funds could produce significant returns. To lower the chance of loss, they invest in a diverse portfolio of companies. Selecting the appropriate mutual fund plan is crucial based on your investment objectives and risk profile. Before purchasing mutual funds, research extensively and talk to a financial advisor.

3. Make More Contributions Each Month

Your progress might be accelerated by increasing the amount you use as contributions to your retirement fund. Starting little and progressively increasing the quantity over time are both options.

4. Consider Purchasing Bonds and Fixed Deposits

A set rate of return is offered through fixed deposits and bonds, which are low-risk debt investment options. They are the best option for cautious investors who wish to maintain their wealth while generating a stable income. It is crucial to pick a reputable bank or financial organization that provides an acceptable rate of return.

5. The Key Is to Be Patient

It takes time to build riches, and it demands dedication and endurance. Staying committed to your financial objectives and following your investment strategy is crucial. Invest for the long run and resist the urge to sell when the market fluctuates. You should continue to keep an eye on your investments.


Best Investments Options in India 

In India, there are many ways to invest your money and make it grow. This short introduction will help you understand some of the best options for investing in India, making it easier for you to decide what's right for your financial goals. These options could help you make one crore in five years.

1. Mutual Funds

Mutual funds that can produce strong returns throughout the long term are included in a diversified portfolio by equity mutual funds. In India, several mutual fund firms provide SIPs for various equity mutual fund plans.

Popular examples include The HDFC Mutual Fund, ICICI Prudential Securities Mutual Fund, The SBI Mutual Fund, and the real estate investment trust Kotak Mahindra.

Though it requires a sizable initial investment, real estate investing can be very profitable over the long run. Rental homes, business buildings, and REITs (Real Estate Investment Trusts) are all viable investment options.

2. Stocks

Stock investing can be a challenging but profitable financial strategy. Depending on your level of risk tolerance and investing objectives, you may invest in Bluechip companies or the Top 100 stocks. The following well-known businesses in India have a solid financial track record: Enterprise Limited by Reliance, Tata Consultancy Services Limited, Limited by HDFC, Unilever Limited in India, and Fixed-Term Deposits and Bonds from Infosys Limited.

3. Fixed Deposits and Bonds

The following are well-known Indian banks and financial organizations that provide fixed deposits and bonds: SBI, ICICI, Axis, etc.

4. Gold

Gold has a reputation for acting as a hedge against inflation and financial instability, making it a safe haven investment. ETFs (Exchange Traded Funds) or actual gold are two options for investing. Some of India's most well-liked gold ETFs are Gold ETF HDFC, Gold ETF from ICICI Prudential, and Kotak Gold ETF.

5. Cryptocurrency 

The promise of large profits has led to the emergence of cryptocurrencies as a new asset class. Although it carries the highest level of risk, investing in cryptocurrencies necessitates careful planning and a sound investment strategy.Indian cryptocurrency users frequently use Bitcoin, Ethereum, Binance, etc.

6. Tax-saving Resources

Tax-saving tools can enable you to invest more and save more money. Investing in tax-saving vehicles like ELSS (Equity Linked Saving Scheme), PPF (Public Provident Fund), and NPS (National Pension System) would allow you to benefit from tax deductions and exemptions.

Some of the well-liked tax-saving programs in India include Long-Term Equity Fund by Axis, The SBI Magnum Tax Gains Program, Provident funds, and NPS. If you feel confused, you can always take the help of Okbima's advisers. 


How Can I Maximize Savings and Minimize Expenses?

Any financial objective, including earning 1 crore in five years, must be accomplished by increasing savings and minimizing expenses. The need to control spending and preserve as much money as you can is just as crucial as increasing revenue.

The following suggestions will help you save money and minimizing expenses:

1. Set up a budget: Making a budget is the initial step to increasing savings and minimizing spending. List every source of income you have as well as all of your outgoing costs, and then pinpoint areas where you may reduce wasteful spending.

2. Stay away from impulsive purchases: These can result in wasteful spending and unneeded expenses. Try to refrain from making purchases of items that are either unnecessary or out of your price range.

3. Reduce debt: Reducing debt can help your budget because debt with high-interest rates can be very costly. Debt, especially credit card debt, should be minimized as much as you can. Use credit cards responsibly and settle the outstanding balances in full each month to avoid incurring hefty interest fees.

4. Save for your future: Save money for unexpected expenses and make long-term investments as part of your future planning. Your financial objectives will be met, and a safety net for unforeseen needs will be provided.


Avoid These Common Mistakes

If you want to make one crore in five years, avoid the following mistakes:

1. Making hasty investment judgments or investing in the incorrect things, which can result in losses and failures.

2. Underestimating the time and effort needed to launch and expand an income-producing company or secondary gig.

3. Not setting up a budget, cutting costs, and raising income results in overspending and a failure to optimize savings.

4. Failing to put up regular work, dedication, and avoiding making rash decisions as investing demands discipline and patience.

5. To receive the best results, don't forget to review your financial plan frequently. Establish and adhere to a budget for each month for your regular outgoings.



It takes careful planning, diligent work, and discipline to earn 1 crore in 5 years, which is an ambitious aim. Discovering the finest investment possibilities is the next step after creating a clear financial plan. Earning a crore in five years is not only not impossible, but it's also not simple either. It is only made possible by new sources of income and methodical investing.

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