SIP: Half of India does not know the money-making formula of 10x15x20, if you understand it, you will have a fund of 1 crore plus..

Sip Calculator: Often people do not invest in the stock market due to the fear of losing money. But still, if you are looking for a high-return investment, then you can choose SIP (Systematic Investment Plan). By getting good returns from SIP, you can create a strong fund for yourself. So let's know how the 10x15x20 formula of SIP will help you become a millionaire.

Benefit of compounding in SIP

There are full chances of getting the benefit of compounding in SIP, due to which your money can grow rapidly. If you want a good fund for yourself in the future, then understand the 10x15x20 formula of SIP and start investing. So let's know how with the help of this formula you can become a millionaire with just 20 years of investment.

What is the 10x15x20 formula?

SIP's 10x15x20 formula is a money-making formula. This formula tells that if you start investing in it by the age of 30, then how can you become a millionaire by the age of 50 by investing for 20 years? That is, you will become a millionaire before retirement.

What is the game of 10?
If you want to create a good fund through SIP, then first of all you have to start investing Rs. 10,000 in it. Investors have to invest Rs. 10,000 in SIP every month on a fixed date without taking a break.

How much interest will you get?
If you are investing Rs. 10,000 in your SIP every month, then you can easily get up to 12 percent annual interest on this investment. A good fund will be created for you at 12 percent interest.

For how long will you have to invest
If you want to become a millionaire in the future with an SIP of Rs 10,000, then you will have to continue your investment amount without stopping for 20 years. That is, if you continue an SIP of Rs 10,000 for 20 years, you will become a millionaire, that too with the help of a 12 percent interest rate.

What is the calculation of maturity?

Now let's understand the complete calculation of money making of the 10x15x20 formula of SIP. Yes, Rs 10,000 will have to be invested in SIP for 20 years, an average annual interest of 12 percent can be obtained on this investment. According to this, the investment amount in 20 years will be ₹ 24,00,000. The return on this at the rate of 12 percent will be ₹ 1,08,70,734. According to this, the total fund will be ₹ 1,32,70,734

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