SIP Investment, 15x20x12 Formula: How investing Rs 20K monthly can build a corpus of Rs 1 crore in 15 yrs | Know Calculation
SIP Investment Formula for Building Substantial Corpus: There are many investment avenues available today, but investing in a mutual fund in your child's name can provide peace of mind. Let us know how you can make your child a millionaire by the age of 15 by investing in a 15x20x12 formula.
SIP Investment: How 15x20x12 formula of SIP work?
![SIP Investment: How 15x20x12 formula of SIP work? SIP Investment: How 15x20x12 formula of SIP work?](https://cdn.zeebiz.com/sites/default/files/2024/05/22/295120-sip-ians.jpg)
The formula, 15x20x12, involves starting mutual fund investments through SIP (Systematic Investment Plan) soon after the birth of your child and continuing till they turn 15. In the formula - the "15" signifies the number of years, implying that you need to invest in SIP from your child's birth and persist until they reach 15. The "20" represents a monthly SIP of Rs 20,000, and "12" denotes the anticipated returns, with an average SIP return considered to be 12 per cent.
15x20x12 SIP Formula: Calculating average investment
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15x20x12 SIP Formula: Calculating average return
![15x20x12 SIP Formula: Calculating average return 15x20x12 SIP Formula: Calculating average return](https://cdn.zeebiz.com/sites/default/files/2024/05/22/295122-10.jpg)
15x20x12 SIP Formula: Calculation to create a corpus of over Rs 1 crore
![15x20x12 SIP Formula: Calculation to create a corpus of over Rs 1 crore 15x20x12 SIP Formula: Calculation to create a corpus of over Rs 1 crore](https://cdn.zeebiz.com/sites/default/files/2024/05/22/295123-3.jpg)