SIP investment, 10X20X15 formula: When it comes to investing, there are many options available today. But among all the options, Systematic Investment Plan (SIP) is one of the most popular strategies to generate substantial wealth.
Invest in SIP
If you are someone who wants to build a large corpus through regular and disciplined contributions, then SIP investing can be one of the best options for you. And if you are considering mutual funds, let me tell you that the 10X20X15 formula could be just what you need to become a crorepati in 20 years. This is how it works:
SIP Investment: How does the 10X20X15 formula work?
The formula, 10X20X15, involves starting investments in mutual funds through the SIP (Systematic Investment Plan) and continuing for 20 years. In the formula, “10” represents a monthly SIP of Rs 10,000. “20” means the number of years, which implies that you need to invest in SIP for 20 years. While “15” denotes the annualized SIP returns, and an average SIP return is considered to be 15 percent.
SIP 10X20X15 Formula: Calculation of Average Investment
Using this formula, if you start a monthly SIP of Rs 10,000 and continue for 20 years, your total investment will be Rs 24,000,000.
SIP 10X20X15 formula: calculation of average performance
With an average rate of return of 15 percent, your investment will grow and you will earn approximately Rs 1,27,59,550 in long-term capital gains over 20 years.
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