10X20X15 Formula: In how many years Rs 10,000 monthly SIP will grow to Rs 1.51 crore | See calculations

SIP Investment, 10X20X15 Formula: When it comes to investing, there are many options available today. But among all the options, Systematic Investment Plan (SIP) is one of the most popular strategies to build substantial wealth. 

Invest in SIP

If you are someone who wants to build a large corpus through disciplined, regular contributions then SIP investing can be one of the best options for you. And if you are considering mutual funds, then let me tell you that the 10X20X15 formula could be just what you need to become a crorepati in 20 years. This is how it works:

SIP Investment: How does the 10X20X15 formula work?

The formula, 10X20X15, involves starting mutual fund investments through SIP (Systematic Investment Plan) and continuing for 20 years. In the formula - "10" represents a monthly SIP of Rs 10,000. "20" signifies the number of years, implying that you need to invest in SIP for 20 years. While "15" denotes the annualised SIP returns, with an average SIP return considered to be 15 per cent.

Also Read: 70:15:15 Investment Strategy: Can you build Rs 2.41 cr corpus by 55 years of age with starting salary of Rs 25,000? Know how

10X20X15 SIP Formula: Calculating average investment

Using this formula, if you start a monthly SIP of Rs 10,000 and continue for 20 years, your total investment will amount to Rs 24,00,000.

10X20X15 SIP Formula: Calculating average return

With an average return rate of 15 per cent, your investment will grow, earning approximately Rs 1,27,59,550 in long-term capital gains over 20 years.