Accumulating your first crore why it is difficult and how to do it or Mission OCR

 1 crore is not a magical figure which will make any major difference in your life.
It is a Psychological barrier in Indian context which makes one feel a sense of achievement .
There was a time when OneCRore was considered to be more than sufficient for one's comfortable life and all major expenses and was advocated by none other than my revered Guru AN ShanBagh.
Later on the figure remain fixed but it required to be accumulated to carry on with life and it's intermediate goals like children education and maybe the marriage, but was a figure considered to be separate from the retiral benefits .
In the context that I mention OCR - specially for the Seafarers is for them to be assured that they are on the correct path and must proceed on without much deviation.
In the process of accumulation of this figure one learns about various necessities of money & the ways to go about accumulating it by saving first and then investing it -I call it the learning stage though the professional advisors call it accumulation stage.
In the journey towards this OCR a person starts learning about virtues of patience and self discipline. One sees the money grow by a few percentage points every year but also going down by a large amount at another time frame and yet bouncing back in another much shorter time.
What OCR represents is also biggest mental block and challenge because one faces it at a time in the beginning of ones professional life when his salary is at its minimum and exposure to life is equally low.
With a thousands to maybe a lakh of salary one starts multiplying it by a factor to see how fast one will achieve it.
In the beginning of one's life one does not understand where one CR stands in his overall life planning and what it can help him achieve what with the parental experience thrust upon him he does realise that it must be a very big figure and difficult to achieve.
He faces various hurdles and impediments thrown at him in form of dubious saving schemes and low yielding plans of ULIPS , endowment  and money back schemes.
It becomes very difficult for him to let go of the secure thread of the parental guidance or advice procured from conventional sources and resources.
He is constantly reminded that equity means stock means speculation or Satta and why it is not good for people from good families to invest in it.
Of course nowadays things have been made much simple by the constant advertisements about "mutual fund sahi hai" but does create doubt in minds of the people and of course confusion because there are thousands of schemes available to choose from.
He gets easily beguiled by terms like debt and risk.
The tea-time advice from seniors on board  also does nothing to make things easier.
How to go about OCR
1. To start your journey towards accumulating OCR one first must understand that what is possible by and through equity in the capital market is not possible through any other method. One must break down one's thought process to understanding that when he invest in a company stock or mutual fund which are nothing better than collection of various company shares and his actually part ownership into those companies.
One must clearly understand that as these companies will grow the business the value of the companies will increase and will be exhibited by the share price of that company.
He must further appreciate that these companies are the backbone of the country and its economy. I such depending up on the policies of the government either these companies why the virtue of their management will do well or not. He should further appreciate that by taking stand in these companies he is actually making himself a participant in the countries economy* .

Which means if the country grows he grows in terms of his personal wealth.
Not only equity but even debt has an important role in the economy of the country, as it is debt market which provides the money required to create infrastructure and grow various businesses.
For that matter even a passive investment like gold which may be seen to grow at a very slow rate but actually it is a store of value for uncertain Times.

2. With this knowledge intact one must approach one's first Mutual Fund in form of passive fund or a index fund purchase directly with the AMC other mutual fund company.
Mutual fund offices are available even in Suburban towns or otherwise the RTA is or the registrar and transfer agents which means CAMS or KFINTECH offices in these small towns can also do the job.
As I have always advised , one just needs to go to these offices with one's CDC, passport last contract form, cheque book ,Aadhar Card & PAN card .
Start the process of investing in anyone index Fund with the minimum amount which is 5000 and also commit to SIP for at least 1 year which he can extend later.
After the system is set for the first fund one can start investment into another index fund or a Flexi cap fund which comes in the active fund management category.
One must try to outlay at least 35% of one's annual income divided over 12 months.
As one can observe from the Excel sheet that I have circulated quite a bit by now that the money would slowly start growing like a train chugging out of the station.
Once a person has started off investing into three funds he can add one or two more inform of midcap fund and a small cap fund. This will complete the portfolio that one needs to achieve one CR as it is the investment from one own side that will do the job.
3. Ups and downs:Now all that will happen on the way is  that the market will fluctuate and thereby the value of equity fund also go up and down in fact it will go up and down even for the debt funds.
This is where person will have to observe Equanimity which means he will have to be in a steady state in whatever happens to him and his portfolio.
 Because you must understand that a falling market is actually good for you as it provides the opportunity to invest your current money at previous or old prices when you did not have that money.
It is this singular habit of not changing your funds too often and not stopping your investments even for a month that will ultimately prove as a boost to your investment portfolio.
4. Experience: ultimately it is his habit which will propel him forward and the events en route' to his OCR journey that will add to his experience.
By the time he arrives at the train station of one CR he would have gained knowledge of all the avenues where he can invest and will start advising people around him also.
He will understand the pitfalls of various other avenues available to him and of course will also take inform decision in direct stock investing.
Since no two people are equal .it is possible that a few  may boost their portfolio by direct stock investing.
However if this stage arrives after he reaches his station of OCR it will be very beneficial.
If one just starts dabbling in direct stocks or any other avenue to enhance his capital it might result as a heavy opportunity cost for him.
5. Finally the OCR station: one day our young investor finds that the total assets in his portfolio manager are indicating this magical figure of ocr. Though this may have taken him a few years but it does provide a sense of joy and achievement.
By now he will become substantially confident of his method and methodology.
What has taken him a few years to achieve in terms of OCR will now take much less to get to 2Cr because by now his salary has increased and so has his confidence and faith in the system which will propel him to invest more  in the system.
Now his stage is like a youngster who has been learning cycling with the help of a trial wheel and now he is ready to remove the trial wheel from his bicycle and can properly ride a bicycle.
You can also compare his stage to a tree which has grown out of a sapling .
This sapling requires lot of care ,nurture, manure of fertilizer regular watering and beyond everything protecting it from outside animals and stray cows to be eaten up.
Now that the tree has grown by a few feet and the trunk has become reasonably strong,it does not require any protection and does not even require watering or fertilizer as he will draw its own nourishment from the ground.
Even from the stand point of mathematics and observation of the historical market data to grow from one CR to 2 CR and four CR will take only for the 4 years and 8 years respectively