10X20X15 Formula: How Rs 10k monthly SIP can build to Rs 1.51 crore; see calculations

If you're considering mutual funds, the 10X20X15 formula can help you achieve the milestone of becoming a crorepati in just 20 years. Here's how:

The 10X20X15 formula is simple: start a mutual fund SIP and continue investing for 20 years. In this formula:
- "10" represents a monthly SIP of Rs 10,000.
- "20" refers to the investment period of 20 years.
- "15" signifies an expected annual return of 15% on your investment.

By investing Rs 10,000 per month for 20 years, your total contribution will be Rs 24,00,000.

With an estimated annual return of 15 per cent, your investment will generate approximately Rs 1,27,59,550 in capital gains over 20 years.

At the end of the 20-year period, your initial investment, along with the compounded returns, will grow to a total of Rs 1,51,59,550.

By following the 10X20X15 strategy, you can amass Rs 1.51 crore in 20 years, achieving your financial goals.

One of the greatest benefits of SIPs is the power of compounding. The longer you stay invested, the higher your returns grow, thanks to the compounding effect.

With an average annual return of 15 per cent, SIPs have the potential to outperform other investment options, helping you achieve significant financial growth.

SIPs also offer rupee cost averaging, which means your investment cost remains balanced over time, regardless of market volatility.

SIPs provide flexible investment options, allowing you to tailor your contributions according to your financial goals. You can choose monthly, quarterly, or semi-annual investment intervals.

Whether you need to pause, withdraw, or increase your SIP contributions, you have full control over your investments, making SIPs a highly adaptable investment strategy.