simple, clear plan, step by step:

You are 40 years old.

You have no debt and no savings.
You want to save ₹1 crore (₹1,00,00,000).

Here’s a simple, clear plan, step by step:

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🌱 STEP 1: Start Saving Every Month

You earn ₹93,000 and spend ₹23,000.
So, you can save up to ₹70,000 every month.

👉 Let’s start with ₹50,000/month for saving and investing.
Keep ₹20,000/month for flexibility or emergencies.

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🧯 STEP 2: Create an Emergency Fund

Save ₹1.5 lakh in a safe place for emergencies (like illness, car repairs, job loss).

How?

• Save ₹50,000/month → In 3 months, you’ll have ₹1.5 lakh.

• Put it in a liquid mutual fund or bank fixed deposit.

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📈 STEP 3: Start Investing ₹50,000 Every Month

To reach ₹1 crore, you need to invest money and let it grow.

👉 Invest ₹50,000 every month in mutual funds (SIP – Systematic Investment Plan).

Here’s how much you can grow:

Time	Total Invested	Value Grows To
5 years	₹30 lakhs	₹45 lakhs
10 years ✅	₹60 lakhs	₹1 crore+
15 years 🚀	₹90 lakhs	₹2 crore+

So, if you do this for 10 years, you’ll reach your ₹1 crore goal easily.

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💼 STEP 4: Where to Invest?

Use apps like:

• Zerodha Coin

• Groww

• Kuvera

Choose these mutual funds:

1. Axis Bluechip Fund (safe large companies)

2. Parag Parikh Flexi Cap (flexible, balanced)

3. Quant ELSS Tax Saver (also saves tax)

4. Nippon Small Cap Fund (higher risk, higher return)

You can split your ₹50,000 like this:

• ₹15,000 in Axis Bluechip

• ₹15,000 in Parag Parikh

• ₹10,000 in Quant ELSS

• ₹10,000 in Nippon Small Cap

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💰 STEP 5: Save Tax

You can save income tax by:

• Investing in ELSS funds (Quant ELSS) – Up to ₹1.5 lakh/year

• Putting money in PPF or NPS (optional, long-term)

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💡 STEP 6: Bonus – Create Extra Income

You already know Python, YouTube, and software testing.

Use your skills to make ₹5,000–₹10,000/month extra:

• Freelance online

• Make a YouTube channel

• Build digital products (e.g., Python course)

• Use your 5-acre farm for small side income

Reinvest this money to reach ₹1 crore even faster.

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🗓️ STEP 7: Review Every 3 Months

Every 3 months, check:

• Are you saving ₹50,000/month?

• Are your investments growing?

• Can you save/invest more?

Stay consistent. Be patient.

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🔁 Summary in 1 Minute:

Action	Amount	Time
Emergency Fund	₹1.5 lakh	3 months
SIP Investment	₹50,000/month	10 years
Invest in Mutual Funds	Use Groww / Zerodha	Start now
Save Tax	Use ELSS/PPF/NPS	Every year
Extra Income	₹5–10K/month	Use your skills