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How much Indian salary would make u return?


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chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto
Post ID: #PID Posted on: 14-10-10 15:47:41

Quote:
Originally posted by dimple2001


How much is 1 crore? 100 lakhs or 1000 lakhs? Thanks.


it is 100 lakhs or 10 million


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Chandresh

Advice is free – lessons I charge for!!


dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere
Post ID: #PID Posted on: 14-10-10 15:48:53

Quote:
Originally posted by chandresh

Quote:
Originally posted by dimple2001


How much is 1 crore? 100 lakhs or 1000 lakhs? Thanks.


it is 100 lakhs or 10 million


Perfect, thanks.


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Dimple2001


web2000   
Member since: May 06
Posts: 849
Location:
Post ID: #PID Posted on: 14-10-10 15:49:58

Quote:
Originally posted by chcool

Quote:
Originally posted by web2000

Just curious to know.
How much approx. money (per month) can be generated from 1 crore in India via secured investments (like banks FD or other investments which are almost as secure as FD)?


On a secured investment 10 %, mutual funds minimum 20 %, equity investment more than 30 %.

If a person has 1 crore or more, no need to go for jobs or work in "labour " jobs in canada.


If 10% (I assume it per year) return is guaranteed then it is amazing. This means (100,00000*0.1) a year (approx Rs. 80,000 per month) will be enough to live luxurious life in a small town. Why to struggle in metros if no need to do a job.



Maharaj   
Member since: Oct 02
Posts: 1721
Location: Brampton
Post ID: #PID Posted on: 14-10-10 16:01:50

Chhote log ... Chhoti soch (Akshay Kumar speaking not me)

Is this question for everyone or for people who wants to return ???




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Mumbai Maazi Ladki ...


web2000   
Member since: May 06
Posts: 849
Location:
Post ID: #PID Posted on: 14-10-10 16:12:13

Quote:
Originally posted by Maharaj

Chhote log ... Chhoti soch (Akshay Kumar speaking not me)

Is this question for everyone or for people who wants to return ???





I asked the question to know what is practical possible in India and how much return is possible. Whether u want to return or not(Who knows if u plan in future) it will still be helpful to know from financial gurus how much return can be achieved. As said by one of the poster that 10% guaranteed return is possible in India, i see this amazing because I don't think I can get that much return in Canada in short term investments. If the poster is true then it will be worth doing more research how can I achieve it while sitting abroad.



pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto
Post ID: #PID Posted on: 14-10-10 16:13:47

Quote:
Originally posted by web2000
If 10% (I assume it per year) return is guaranteed then it is amazing.
I'm not so sure....inflation is running at > 12% in India.
That's the govt. reported number.
Reality is often higher, so let's assume between 15% to 20%.
At 10% annualized RoR, your capital is being eroded by inflation.
Bank-secured deposits like savings accounts, fixed deposits, etc. are always designed to track at, or just below, inflation in most countries.
So they are almost guaranteed to erode capital over periods of time.
Quote:
This means (100,00000*0.1) a year (approx Rs. 80,000 per month) will be enough to live luxurious life in a small town. Why to struggle in metros if no need to do a job.
You are making an assumption that you will be able to secure cheap, yet comfortable, housing.
If you have ancestral property in a village or small town, then this makes sense, but if not, how do you plan to afford comfortable housing?
Property valuations in India, even in smaller towns, are in the stratosphere.
You have to balance that with factors like safety, access to doctors/hospitals, resources such as entertainment, libraries, etc.
I don't think Rs. 80,000 a month can provide that type of lifestyle including housing for too much longer.


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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"


Maharaj   
Member since: Oct 02
Posts: 1721
Location: Brampton
Post ID: #PID Posted on: 14-10-10 16:19:30

Quote:
Originally posted by web2000
As said by one of the poster that 10% guaranteed return is possible in India,

I am (& the thread) talking about Return to India and not Return on Investment.





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Mumbai Maazi Ladki ...


Contributors: chcool(19) dimple2001(19) jake3d(13) web2000(13) DiogenestheCynic(13) Manasvi(12) bxmca(11) pratickm(11) ThinkingOne(11) mercury6(6) moreno(6) chandresh(6) dan(6) my2cents(5) mimipapa(5) febpreet(5) samosa_syndrome(4) Maharaj(4) me2canada(4) rajcanada(4) VJ(4) sumjo(3) Uncertain Desi(3) chekram_04(3) jughead(3) Shreenivas(3) Charlie(3) lal badshah(3) indione(3) crenshaw(3) chittesh(2) manchu(2) faisal(2) surdzz(2) bally minhas(2) Interceptor(2) pasha(2) Smiley(2) tamilkuravan(2) puttoo(2) dr_san_singh(2) rajuu(2) Dips(2) Happy(1) devdaas(1) mannat(1) Vandematram(1) despremi(1) KumarM(1) SPV(1) MGupta(1) indi2can(1) manjeet444(1) kanishka(1) dfwrp(1) virkravi2000(1) jago_desi(1) rp_0999(1) Mr.Scorpio(1) john26(1) Fido(1) looklook(1) Chalte Raho(1) BlueLobster(1) Dotty(1) jasmeek(1) compsavvy(1) JRF(1) Wham(1) TorontoKuri(1) AnilKG(1) sam41000(1) DELHI INDIAN(1) infocan(1) DWD(1) srisiva(1) mechhunk(1) mslall(1) Delhite(1)



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