Anil Singhvi advice21 min ago
15x15x15 SIP Formula: In how many years can your Rs 15,000 monthly investment through mutual funds turn into a wealth of Rs 1 crore?
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
15x15x15 SIP Formula: Systematic Investment Plans, commonly known as SIPs, is an investment strategy where an investor can invest money based on their financial capacity in mutual funds. It offers investment flexibility that means investors can pause, withdraw, or increase their SIP contributions. Using the power of compounding, anyone can build substantial wealth in the long term. 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.
However, many people get confused about how to plan their investments to reach a certain wealth goal. To guide them, there are several SIP formulas available in the market, and the 15x15x15 formula is one of them. What is this formula, and how does it work? Let’s find out in this write-up –
(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning.)
1/9
Power of Compounding
1/9It creates a snowball effect that helps your investments grow exponentially over time.
2/9
What is the minimum and maximum amount to invest in an SIP?
2/9One can start investing in SIP with as low as Rs 500 per month, while there is no maximum limit for investing in SIP mutual funds.
3/9
Rs 1 Crore SIP Strategy: What is the 15x15x15 SIP formula?
3/9The 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 -
4/9
SIP Investment Plan: How does this 15x15x15 SIP formula work?
4/9According 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.
5/9
15x15x15 SIP Formula: How to invest Rs 15000 per month to get Rs 1 crore corpus?
5/9Now, 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:
6/9
SIP Investment With Rs 15000 Per Month: How much money will be invested in 15 years?
6/9As 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.
7/9
SIP Return on 15% Annualised Rate: What will be the estimated capital gains?
7/9Assuming a 15 per cent annualised return, your estimated capital gain in 15 years would be Rs 74,52,946.
8/9
SIP Mutual Fund Returns Over 15 Years: How much money will you receive in total?
8/9Your 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.
9/9
15x15x15 Formula: Rs 1 crore SIP strategy
9/9Monthly 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
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