Can Investing In Mutual Funds Make You A Billionaire?

When we read about the lifestyles of the billionaires across the world, doesn’t it ignite a dream to become a part of that exclusive group of people? It does, surely! It also makes us wonder about the strategy or approach that one needs to adopt to become wealthy. Is investing in mutual funds one of those options? Read on to find out

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The word ‘crorepati’ in India carries with it the connotation of exclusivity. It’s like a club which only selected members can join. But, in recent times, with the number of crorepatis on the rise, the ones who really have wealth now aspire to be known as ‘arabapati’ since the tag automatically qualifies you as one who can live the most lavish lifestyle. Ideally, there are very few people who have created a fortune for themselves and become billionaires, namely, whose value is ₹100 crore and more. The rest of them are billionaires because they have inherited a fortune.

Becoming a planned billionaire is quite a difficult task. However, it is quite possible thanks to mutual funds that can help you in creating such wealth if you can invest the required amount. For any salaried individual or middle-class person, having a bank balance of ₹1 crore is surely very alluring. But there are some who nurse bigger dreams and would like their assets to run into ₹100 crore, i.e. ₹1 billion. There can be various reasons to achieve this elusive number. Some wish to lead a lavish lifestyle, some might wish to spend their retirement with all the comfort that money can buy and some might wish to upgrade their standard of living.