SIP Investment and 10X20X15 Formula: In the current investment landscape, there are numerous options, but among all of them, the Systematic Investment Plan (SIP) stands out as one of the most effective strategies for wealth accumulation. If you are someone who aspires to build a significant financial corpus through consistent and disciplined contributions, SIP investment could be your ideal solution.
Formula 10X20X15
If you are considering investing in mutual funds, the 10X20X15 formula can be the key to becoming a crorepati in just 20 years. Here’s how it works:
Understanding the 10X20X15 formula
The 10X20X15 formula focuses on initiating investments in mutual funds through SIP and holding them for a period of 20 years. In this formula, “10” refers to a monthly investment of Rs 10,000, “20” indicates the investment duration of 20 years and “15” represents the expected annualized return of 15 percent.
Investment calculations
If you apply this formula, if you start a monthly SIP of Rs 10,000 for 20 years, your total investment will reach Rs 24,00,000. Assuming an average rate of return of 15 per cent, your investment is projected to generate approximately Rs 1,275,955 in long-term capital gains over this period. Hence, at the end of 20 years, your total amount (combining your original investment with the accumulated returns) will be approximately Rs 1,515,9550.
By following the 10X20X15 formula, you can accumulate Rs 1.51 crore and become a crorepati in 20 years.
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