Creating a shortcut key for Folder or File in windows

If you are using a file or folder very frequently create a shortcut key 
Suppose you have a folder called "Softwares" in D drive
If you want to create shortcut for this folder

Right click on folder select Send To-->Desktop(create shortcut) option from context menu
By this you can see shortcut folder for Softwares folder on your desktop
Now right click on Softwares shortcut folder which is on your desktop
Select properties option from context menu, you can see properties window
Now put the cursor in Shortcut Key box and click "Shift" button in keyboard
You can see Crtl+Alt+ in the box
You can give shortcut key as you want for ex: Ctrl+Alt+1
Click Ok button

So from next time onwards if you enter Ctrl+Alt+1 Softwares folder will be opened.