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Power of SIP You too become a millionaire with the help of 15 : 15 : 15 formula of investing | Power of SIP: With the help of 15 : 15 : 15 formula of investment, you too can become a millionaire

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Power of SIP You too become a millionaire with the help of 15 : 15 : 15 formula of investing

New Delhi. Who is unaware of the power of Systematic Investment Plan ie SIP. Little by little investment through SIP has become one of the best ways to build manifold wealth over a long period of time. There are many mutual funds that have given annual returns of more than 15% over the long term. The formula of 15-15-15 is made from this power of SIP.

According to this formula, if a person deposits 15 thousand rupees every month under SIP in equity mutual funds for 15 years, then with an annual return of 15 percent, an amount of more than one crore rupees can be deposited. We can easily understand this with the following calculation:

Estimated return of 15 per cent per annum on deposits of Rs 15000 per month in equity funds for 15 years:

investment period total amount deposited return received net worth of investment
5 year 900,000 rupees Rs 445,225 Rs 13,45,225
10 years Rs 18,00,000 Rs 23,79,859 Rs 41,79,859
15 years Rs 27,00,000 Rs 74,52,946 Rs 1,01,52,946

According to this calculation, investing Rs 15,000 per month with an estimated return of 15%, the total deposit amount will be Rs 27 lakh and the return on this will be more than Rs 74 lakh and the total value of investment will be one crore one lakh 52 thousand will be more than Rs. If the income also increases over time and you increase your investment by 5 percent annually, then the value of your investment amount will be even higher, giving a return of 15 percent…

Returns on investing Rs 15,000 for 15 years with 5 percent growth every year in SIP

investment period total amount deposited return received net worth of investment
5 year Rs 9,94,613 Rs 4,65,324 Rs 14,59,988
10 years Rs 38,84,141 Rs 25,35,628 Rs 47,99,648
15 years Rs 27,00,000 Rs 81,47,435 Rs 1,20,31,577

Thus, increasing the SIP by just 5 per cent every year would result in an increase in assets by around Rs 20 lakh. If you can save 15 thousand rupees every month, then start SIP according to this formula today. You will become a millionaire on Diwali of 2036.

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