15x15x15 SIP Formula To Build Rs 1 Crore Corpus: Know through calculations how it may help to achieve your financial goals
15x15x15 SIP Formula: If you're looking for guidance on building a corpus of approximately Rs 1 crore in the long term, then a popular SIP formula - 15x15x15 Formula - may be the right strategy for you.
15x15x15 SIP Formula: Investing in SIP can be a good opportunity to accumulate a substantial corpus for any financial goal, such as retirement, when done in a planned and strategic manner. If you're looking for guidance on building a corpus of approximately Rs 1 crore in the long term, then a popular SIP formula - 15x15x15 Formula - may be the right strategy for you.
(Disclaimer: This is not investment advice. The calculations provided are projections. Please do your own due diligence or consult a financial advisor for retirement planning.)
What is SIP?
SIP (Systematic Investment Plan) is a method of investing in mutual funds where an investor contributes a fixed amount regularly, based on their financial capacity.
Benefits of SIP
Despite market risks, SIPs are often seen as a great option for wealth creation due to the power of compounding.
What is Compounding?
Compounding allows your investment to earn returns on both - the principal amount and the capital gains generated from previous investments.
Considering Investing in Mutual Funds?
If you're considering investing in mutual funds and need a structured approach, the 15x15x15 SIP formula might be the ideal strategy for you.
What is the 15x15x15 SIP Formula?
The 15x15x15 SIP formula is an investment strategy designed to help you accumulate over Rs 1 crore in 15 years.
How the 15x15x15 SIP Formula Works
First "15": Invest Rs 15,000 every month.
Second "15": Aim for an annualised return of 15% on your investment.
Third "15": Keep the SIP running for 15 years to maximise your returns.
How Much Total Money is Invested Using the 15x15x15 Formula?
By following the 15x15x15 formula, if you invest Rs 15,000 monthly for 15 years, the total amount you will invest over the course of the period will be:
Total Investment: Rs 27,00,000
What Are the Estimated Capital Gains After 15 Years?
Assuming an annualised return of 15 per cent, your investment will grow significantly over time. The estimated capital gain could be:
Estimated Capital Gain: Rs 74,52,946
How Much Money Will You Receive in Total Using the 15x15x15 SIP Formula?
After 15 years, your total amount will be the sum of your initial investment and the capital gains generated. So, your total investment will grow to:
Total Amount after 15 Years: Rs 1,01,52,946
15x15x15 SIP Formula: Summary
- Total Investment Amount: Rs 27,00,000
- Estimated Capital Gains: Rs 74,52,946
- Total Approximate Return: Rs 1,01,52,946
Risks in SIP
While SIP is a great option for long-term wealth creation, it's important to remember that SIPs are market-linked, and returns are not guaranteed. The 15 per cent annualised return mentioned here is a projection, and actual returns will depend on market conditions.