How to become Crorepati in 15 years; follow new mutual fund SIP formula
Mutual Fund Formula: When a person is young and has a job, he does not have to think before spending. But after a certain age, when he becomes old and he does not have any pension facility, then he feels that if only he had invested money in such a scheme in his youth, so that a lot of money could be accumulated till old age, then old age would also be spent with dignity.
If you are also looking for such a scheme or investment for your old age, then we have such a formula of mutual fund, with the help of which you can make a lot of money in the long term.
SIP is best
There are many options available in the market for investment, but Systematic Investment Plan (SIP) is one of the most popular options in mutual funds for long term investment. As the name suggests, SIP is a systematic and disciplined investment method in which the investor can invest a fixed amount at regular intervals.
This interval can be monthly, quarterly or annually, depending on the convenience of the investor.
Its benefits
In this investment strategy, the investor can stop, withdraw or increase the investment amount of SIP according to his financial situation. SIP has the potential to give good returns in the long term.
At the same time, if you are thinking of investing in mutual funds and are looking for a right strategy, then the 15x15x15 SIP formula can be very great for you.
What is the 15x15x15 SIP formula?
This formula helps investors to accumulate around Rs 1 crore in just 15 years. Let us know how it works. Under this formula, the first "15" shows that you have to invest Rs 15,000 in SIP every month. The second "15" indicates that you will get an annual return of 15 per cent (estimated). The third "15" indicates that you will have to invest for at least 15 years.
Now let us apply this formula and see how much corpus will be accumulated in 15 years-
Monthly investment: Rs 15,000
Total investment: Rs 27,00,000 in 15 years
Estimated capital gain: Rs 74,52,946
Total amount: Rs 1,01,52,946
Also Read: Honda, Renault announce hike in car prices from this Date: Check details
Risks in SIP
Although SIP has the potential to give good returns in the long term, it is important to remember that it is a market-linked investment. This means that there is no guarantee of returns. The annual return of 15 per cent mentioned above is an estimate and the actual return may vary depending on market conditions.
Also Read: Stocks to Watch on March 19: Key Market Updates and Top Companies in Focus
.