SIP Investment: Make monthly investments of little 10,000 rupees and earn up to 1 crore rupees; see details

 SIP Investment: Make monthly investments of little 10,000 rupees and earn up to 1 crore rupees; see details

SIP Calculator: According to the poll, individuals take out the money they saved via SIP after a certain length of time. In addition, they sometimes lower the SIP amount.

Mutual Fund Calculator: The SIP option may be a better fit for you if you also invest with your future requirements in mind. In the long term, you may reach your objective by investing methodically. Yes, you may become a billionaire in the next fifteen years if you invest Rs 10,000 a month in mutual funds via SIP. You need to have the following in mind for this:

15 x 15 x 15 mutual fund rule

Investing in mutual funds is the quickest way to become a millionaire. According to experts, the mutual fund industry's 15 x 15 x 15 rule states that an individual may amass Rs 1 crore by investing Rs 15,000 each month for 15 years. You should anticipate at least a 15% yearly return under this criterion. If you invest for at least 15 years, this should be achievable. However, if you spend Rs 10,000 a month, you can also make this happen.

Create a SIP plan.

The major concern is how to invest Rs 10,000 a month in stock mutual funds and amass Rs 1 crore. Experts claim that monthly SIP investments are made by investors in mutual funds. However, the study has shown that after a certain period of time, consumers withdraw the money they had saved via SIP. In addition, they sometimes lower the SIP amount. It is crucial that you stick to your SIP amount even after the extended time restriction for this. As income rises, investors need to raise their monthly SIP.

Long-term investors get interest on interest, according to experts. We refer to this as compounding advantage. In order to profit from compound interest in monthly SIP, you may maintain a 10% yearly step increase.

SIP Worksheet

The mutual fund SIP calculator indicates that an investor may earn Rs 1.03 crore (Rs 1.03 lakh) with a monthly SIP of Rs 10,000 if they follow the 10% annual return criterion for 15 years. In this case, the return on SIP is deemed to be 15% based on the mutual fund industry's 15 x 15 x 15 criterion.