Power Of Compounding: Know how your child can become a crorepati by age 20 if you invest Rs 10,000 monthly
SIP Investment Strategy: Every parent wants to provide their child with the best possible future and a stress-free life. Whether it's a son or a daughter, securing their financial future is one of the top priorities for any parent. Proper financial planning plays a crucial role in achieving this goal.
Invest in Mutual Fund SIP
10X20X15 Formula
SIP Investment Strategy: 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 expected annualised SIP returns, with an average SIP return considered to be 15 per cent.
10X20X15 Formula Breakdown
10X20X15 SIP Formula: Calculating average investment
10X20X15 SIP Formula: Calculating investment return
10X20X15 SIP Formula: Calculation to create a corpus of over Rs 1.50 crore
At the end of 20 years, combining your monthly SIP investment and the capital gain earned, you will accumulate an estimated amount of Rs 1,51,59,550.