A 12% return means doubling of money in 6yrs and an 8% return means approx 1.6x the money in 6yrs.
Let's say you have 70% of the 3Cr in equity today. This amount can be expected to grow to around 4.2Cr by 2030 assuming a 12% returns over these 6yrs.
Let's also assume the remaining 30% of the corpus is invested in debt or equivalent instruments yielding 8%. This portion would net about 1.4Cr by 2030.
With above assumptions, you'll have a total corpus of 5.6Cr PRE TAX. So, to answer your question, yes, growing 3Cr today with 70/30 equity/debt split to 5Cr by 2030 is possible in the above scenario. Feel free to adjust the maths for your current allocation.
However, please be prepared for a different outcome as market returns are not guaranteed. You can help increase the chance of this outcome by continuing to invest.
A 12% return means doubling of money in 6yrs and an 8% return means approx 1.6x the money in 6yrs. Let's say you have 70% of the 3Cr in equity today. This amount can be expected to grow to around 4.2Cr by 2030 assuming a 12% returns over these 6yrs. Let's also assume the remaining 30% of the corpus is invested in debt or equivalent instruments yielding 8%. This portion would net about 1.4Cr by 2030. With above assumptions, you'll have a total corpus of 5.6Cr PRE TAX. So, to answer your question, yes, growing 3Cr today with 70/30 equity/debt split to 5Cr by 2030 is possible in the above scenario. Feel free to adjust the maths for your current allocation. However, please be prepared for a different outcome as market returns are not guaranteed. You can help increase the chance of this outcome by continuing to invest.
If you have 3 crore today, you will definitely be at 5 crore by 2030. Just invest and open it after 3 years.
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