I'm a 16M and for my further studies I want nearly 1.5cr. I need to invest but Idk how.
16M from India. I'm planning to become a commercial pilot(thru cadet program) so the avg cost falls nearly upto 1.5cr, Ik that I can't raise 1cr within 10years(I mean if there's a way please tell) I've heard of Mutual Funds where people invest thru SIP, please tell me how to do it and how much should I invest to have at least 90lakhs to 1cr by the age of 25 or 26. Tell me the amount of how much I need to invest every month.
I don't about this Investing and buying stocks, so please do tell me about it and how to do it. Finance is really a big problem if I'm pursuing a career that is really costly. Collateral and Student loans are the last resort becuz I don't want to be stuck in debt trap. If you don't mind tell me how can I raise money thru investing in stocks and mutual funds, let it be in a safer way because I don't want to lose capital in huge amounts.
If you're looking forward to help me I will be really thankful.
If 90lakhs to 1cr is not possible within 10 years, atleast how much can I earn within 10years with 15thousand of deposit every month in mutual funds thru SIP