10X20X15 Formula: In how many years Rs 10k monthly SIP can grow to Rs 1.51 crore | See Calculations

SIP Investment and the 10X20X15 Formula: In today's investment landscape, numerous options exist, but among all - the Systematic Investment Plan (SIP) - stands out as one of the highly effective strategies for wealth accumulation. If you are someone who aims to build a significant financial corpus through consistent and disciplined contributions, SIP investing could be your ideal solution. 

10X20X15 Formula

If you’re looking into mutual funds, the 10X20X15 formula may be your key to becoming a crorepati in just 20 years. Here’s how it works:

Understanding the 10X20X15 Formula  

The 10X20X15 formula centers around initiating mutual fund investments via SIP and maintaining them over a 20-year period. In this formula, "10" refers to a monthly investment of Rs 10,000, "20" indicates the investment duration of 20 years, and "15" represents the expected annualized return of 15 per cent.

Investment Calculations  

By applying this formula, if you commence a monthly SIP of Rs 10,000 for 20 years, your total investment will reach Rs 24,00,000. Assuming an average return rate of 15  per cent, your investment is projected to yield approximately Rs 1,27,59,550 in long-term capital gains over this period. Consequently, by the end of 20 years, your total amount—combining your original investment with the accrued returns—will be around Rs 1,51,59,550.

By following the 10X20X15 formula, you can amass Rs 1.51 crore and become a crorepati in 20 years.