SIP Calculator: If you invest keeping your future needs in mind, then SIP can be a good option for you. By investing systematically you can achieve your goals in the long term. Yes, if you save Rs 10,000 every month in mutual fund SIP, you can become a millionaire in the next 15 years. For this you have to keep some things in mind-
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15 x 15 x 15 rule of mutual funds
Become a millionaire at the fastest rate by investing in mutual funds. Experts say that according to the 15 x 15 x 15 rule of mutual funds, an investor can accumulate Rs 1 crore by investing Rs 15,000 every month for 15 years. Under this rule you can expect at least 15 percent return annually. This is expected to be possible if you invest for at least 15 years or more. However, you can make this possible by investing Rs 10,000 per month.
Create SIP Strategies
How to accumulate Rs 1 crore by investing Rs 10,000 per month in equity mutual funds is a big question. Experts say that investors invest in mutual funds through monthly SIP. But studies have shown that people withdraw the money collected through SIP after a certain period. Not only this, sometimes they also reduce the SIP amount. For this, it is important that you continue the same SIP amount despite the longer time frame. Investors should increase their monthly SIP as income increases.
Experts say that if you invest for a long time, you will keep getting interest on interest. This is called compound profit. You can maintain an annual step up of 10 percent to get compounding benefits in monthly SIP.
sip calculator (SIP Calculator)
If an investor invests Rs 10,000 per month for 15 years and maintains the 10 per cent compound annual growth rule, he will get Rs 1,03,11,841 (Rs 1.03 crore) from a SIP of Rs 10,000, according to the mutual fund SIP calculator. Can go. , In this, following the 15 x 15 x 15 rule of mutual funds, the return on SIP will be considered as 15 percent.