How to Become a Crorepati with Just Rs 100?

“Little drops of water make the mighty ocean”.

I remember this very clearly like yesterday. One fine morning, I was walking down the road to the bus stand with my college professor, he was a very friendly teacher whom I was very much fond of.

We were actually neighbors and he recently built the biggest house in our area. How was he able to afford it being the sole breadwinner of his family was a mystery among us and I never dared to ask this to him.

We found a ₹100 note on the road. The Professor was so upset that someone had wasted such a ‘precious’ amount of money. We took that amount and gave it to a poor fruit seller nearby!

We were going to college which is not very far away from the bus stand, and, my professor said, let’s not take the bus today and we can walk, as it’s good for our health.

So to kill time in between, I was just pulling his leg about how he was shocked when he found the ₹100 note and his endless rants about people being so careless about losing ‘precious’ money!

I said, “Sir, just chill, it’s just a ₹100 note, not a ₹2000 note”.

You are still in the period of the ’70s and ’80s sir! The value of the 100 rupees is not so huge now.

The professor looked at me for some time and said,

Don’t you think it is absurd to say “Just 100 Rs’”

The ₹100 can make you a crorepati!

What??… I was confused!

That’s when my professor started explaining to me Systematic Investment Plans and his plans of educating the people in his native village to benefit from this by investing ₹100 daily.

That day, I understood why he was able to afford his own house and we were in a rental house despite very good earnings from both parents.

Small amounts can on one day give rise to big things. Saving a little sum of money can one day turn into a big bunch. This article is for those who often find excuses to start investing for their future.

An organized way of saving & investing specific amounts at periodic intervals will aid you in achieving your long-term or short-term goals.

Are you ready to start your journey of becoming a crorepati down the lane?

Let’s get started.

Table of Contents

1.)Systematic Investment Plan (SIP)
2.)Invest ₹100 Daily
3.)₹100 – Crorepati – Why SIP?
4.)₹100 to ₹10000000… “Magic Of Compounding”
5.)Habit Of Saving ₹100 Daily
6.)Hurry Up!

• Scenario 1
• Scenario 2
• Scenario 3

7.)The Best Path For “₹100 – Crorepati”
8.)How To Save ₹100 Daily
9.)Wrapping up

1. Systematic Investment Plan (SIP)

In the realm of finance, a Systematic Investment Plan (SIP), notably in the context of Mutual Funds, is a well-liked investment approach.

How SIP works in Mutual Funds?

It allows individuals to invest a fixed amount of money at regular intervals (usually monthly) into a selected mutual fund scheme.

2. Invest ₹100 Daily

In our childhood, everyone would have the habit of collecting coins from friends & family for our piggy bank. The same concept applies here.

For people who ask, can I start SIP with 100 Rs? Yes! You can start your Mutual Fund journey with ₹ 100 per day. This is similar to Recurring Deposit where you invest a standard amount regularly (Monthly) for a predetermined period.

But here we do it daily. This difference between investing monthly and daily is not so huge considering that the investing amount is ₹100.

This method is not for those who ask  How to become crorepati in one day. Or even for those asking how to become a crorepati in 1 year? You need patience and perseverance to put in the hard yards.

3. ₹100 – Crorepati – Why SIP?

Let’s see why SIP is the best option to invest ₹100 daily!

• Convenience: Mutual Fund SIPs are a convenient way to invest as you can invest at a chosen interval. So, without a doubt, SIP is the best option to invest 100 daily.

• Rupee Cost Averaging: Since you invest a fixed amount regularly, you automatically buy more units when the market prices are low and fewer units when the prices are high. This helps average out the overall cost per unit over time.

• Power of compounding: Here, the profit earned is reinvested & it becomes the capital in the next cycle. The power of compounding helps money grow exponentially over time.

• Long-Term Approach: SIPs are best suited for long-term goals like retirement planning, buying a house, or funding a child’s education. So, this option specifically caters to Middle-Class investors.

4. ₹100 to ₹10000000… “Magic Of Compounding”

You may wonder, how a small amount could make you a crorepati.

In the earlier chapter, we discussed a few advantages of SIP investment. One such advantage is the Power Of Compounding.

“The earlier you start saving, the more compounding interest can work in your favor”

Even with relatively small amounts a small amount of investment helps to build wealth in the long term.

Consistency is the main point here. Once you inculcate the habit of saving & investing, you can achieve financial discipline in the long run. A tiny task of investing ₹ 100 per day could be a helping hand in the near future. In the end, it would feel like you become crorepati without any investment.

5. Habit Of Saving ₹100 Daily

Research says that anything takes 3 weeks of practice to become a habit, so if you reach the first hurdle of investing 100 every day for 3 weeks then you have crossed the first step in the path to crorepati!

When you climb Mount Everest you don’t look at the peak!

The power of compounding and Rupee Cost Averaging will not work effectively if you don’t invest consistently.

Every time you invest 100. Have the satisfaction that you are not selfish and doing something to secure your family’s future.

This will create a psychological drive for you to invest more and more and also to up the level of investment when you get a salary hike!

6. Hurry Up!

“TIME AND TIDE WAIT FOR NONE”

You can start investing ₹100 daily when you start your career. But, when you start to procrastinate, the desired corpus of 1 crore starts to move farther away from you. What’s the use of getting that 1 crore on your deathbed? So be smart and start investing early!

Below, we have calculated 3 different scenarios for achieving the “₹100 to Crorepati” journey.

Scenario 1

A 25-year-old male invests daily ₹ 100 in a Mutual fund scheme for the next 30 years. The assumed rate of return on -investment is 12.5%. Then the accumulated corpus at the age of 55 years is ₹ 1.03 Crores.

Investment	₹ 100
Frequency	Daily
Tenure	30 years
Rate of return	12.50%
Final Corpus	1,03,03,491

Scenario 2

Now, let’s see what if he delays & starts the investment at the age of 35. He invests ₹ 200 daily for the next 20 years. The final corps at the age of 55 is ₹ 59.16 lakhs. Even if the investment is doubled, the final corpus is only half of the final corpus in the earlier scenario.

Investment	₹ 200
Frequency	Daily
Tenure	20 years
Rate of return	12.50%
Final Corpus	59,16,848

Scenario 3

Now let us assume the same as in scenario 1. Daily SIP of ₹ 100 for 30 years. Every year you step up your SIP at the rate of 8% i.e., in the first year you do a daily SIP of ₹ 100 & in the second you will be doing a SIP of ₹108. Similarly, you step up your contribution each year. The final corpus at the age of 55 is ₹ 2.08 Crores which is double that of Scenario 1.

Investment	₹ 100
Frequency	Daily
Tenure	30 years
Rate	12.50%
Step up	8%
Final corpus	2,08,18,317

7. The Best Path For “₹100 – Crorepati”

From the above 3 scenarios, it is proved beyond doubt that daily SIP is a boon for those who have started their career & for students who get regular pocket money and you can grow your money with the best sip funds starting with just ₹100.

Even those who are new to Mutual Fund investment can start with a lesser investment amount & can step up their investment later.

Which is the best “Path To Crorepati”?
Scenario 1 is the perfect example of achieving the target by starting early. You would have got a hang of what is the advantage of starting your investment early in your career in Scenario 1.

• You achieved the status of crorepati without any hassle and,
• If you step up your SIP every year, you get a hefty corpus.

8. How To Save ₹100 Daily

Okay, I am convinced to start the journey to become a crorepati. But, how to save ₹100 every single day?

This question is mostly asked by people in the lower middle class. We want them to benefit from this the most!

The key is Discipline!

Saving ₹100 sounds easy but please don’t get carried away by it, every time you write a monthly budget, keep an amount separate for SIP, and don’t mix it with other expenses.

In this way, you make SIP investment an intrinsic part of your life and you don’t think about the end, as the journey becomes so easy!

You can cut down on everyday luxuries that can help you save ₹100, like reducing the intake of aerated drinks that are bad for our health in the long run, and you can also cut down on cigarettes and alcohol.

We can also try to curb our electricity usage by switching off fans and lights if not necessary.

There are a lot of things that we buy and don’t use. For instance, we spend money on subscriptions that we use only once in a while.

Imagine this, there can be a time in your future when life can make you ask, “I need 1 crore rupees urgently”. Who knows? If you implement all the above learnings diligently in your day-to-day life, then you can be peaceful even in such a delicate situation.

The most important thing to remember is, that a little discomfort today has the power to change your future forever.

9. Wrapping up

SIP is one of the tools to inculcate the habit of regular saving. Daily SIP is the cherry on the cake to kick-start your mutual fund investment.

Earlier wealth creation was only for High-net-worth individuals. Now, mutual fund investment has created a path for all individuals who aspire to be crorepati. This article showcases the fact that even a small amount regularly can aid you in achieving your future goals.

Instead of searching for financial advice on social media platforms like Quora, Facebook, Twitter, etc. It is better to consult a professional financial advisor & create your own path to achieve prosperity in your life.