15x15x15 SIP Formula: In how many years Rs 15,000 monthly SIP investment can grow to over Rs 1 crore; calculations may surprise you

A Systematic Investment Plan or SIP is an investment strategy where an investor can invest money based on their financial capacity in mutual funds.

SIP offers investment flexibility that means investors can pause, withdraw, or increase their SIP contributions.

Power of Compounding No lock-in period, investor gets to choose Rupee cost averaging

It is a process in which you will earn capital gain not only on the principal amount but also on the capital gain earned earlier. Basically, it creates a snowball effect that helps your investments grow exponentially over time.

One can start investing in SIP with as low as Rs 500 per month.

There is no maximum limit for investing in SIP mutual funds.

The 15x15x15 SIP formula is a financial strategy designed to help an investor to accumulate Rs 1 crore (approx.) in just 15 years. Let's find out how -

According to the formula,  First "15" represents - monthly investment in SIP, i.e., Rs 15,000/month. Second "15" represents - annualised return rate, i.e., 15 per cent (estimated).  Third "15" shows - the number of investment years, i.e., 15 years.

Now, let's apply the 15x15x15 SIP Formula and calculate how much corpus one can accumulate in 15 years with a 15 per cent annual interest rate:

As per the calculation, if Rs 15,000 is invested monthly in SIP for 15 years, then the total invested amount will be Rs 27,00,000.

Assuming a 15 per cent annualised return, your estimated capital gain in 15 years would be Rs 74,52,946.

Your total amount after 15 years will be around Rs 1,01,52,946. This is the sum of your initial investment and the capital gains made from it.

Monthly investment: Rs 15,000 Total investment: Rs 27,00,000 in 15 years Estimated Capital Gain: Rs 74,52,946 Total Amount Received: Rs 1,01,52,946