I asked ChatGPT how long an Indian investor will take to build Rs.1 crore corpus via investing - The math is an eye-opener
New Delhi, June 26 -- I have always wondered how is it possible for an average Indian investor to build Rs.1 crore corpus through disciplined investing. I wanted to understand what it takes to achieve this goal if a realistic savings patterns, inflation, taxation, and long-term market returns is taken into account.
So, I approached ChatGPT for advice over four realistic situations considering Gen Z, millennial and Generation X. The response I received was based on some realistic assumptions.
My objective is to understand how long it realistically takes an average Indian investor to build Rs.1 crore corpus through disciplined investing.
Person 1: Early-Career
Professional Age: 25
Annual salary: Rs.6 lakh Monthly
SIP: Rs.10,000
Exist...
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