By Admin 
When a person lives young and works, he does not have to think before spending. But after an age, when he gets old and he had no pension facility, he feels that I wish he would have put money in a scheme in youth, which would have deposited a lot of money till old age, then old age would have been cut off gracefully. If you are also looking for any such scheme or investment for your old age, then we have a formula of mutual funds, from which you can make strong money in long term.
SIP is the best
There are many options in the market for investment, but Systematic Investment Plan (SIP) is one of the most popular options in long -term investment. As is clear from the name itself, SIP is a systematic and disciplined investment method, in which the investor can invest a certain amount at regular intervals. This interval can be monthly, quarter or annual, which depends on the facility of the investor.
Its benefits
In this investment strategy, the investor can stop, withdraw SIP according to his financial situation or increase the investment amount. SIP has the ability to give good returns in long periods. At the same time, if you are thinking of investing in mutual funds and looking for a right strategy, then the 15x15x15 SIP formula can be great for you.
What is 15x15x15 SIP Formula?
This formula helps investors to deposit about Rs 1 crore in just 15 years. Let’s know how it works. Under this formula, the first “15” shows that you have to invest Rs 15,000 every month in SIP. The second “15” shows that you will get an annual return (estimated) of 15 per cent. The third “15” shows that you have to invest for at least 15 years.
Now apply this formula and see how much corpus will be deposited in 15 years-
Monthly Investment: Rs 15,000
Total investment: Rs 27,00,000 in 15 years
Estimated Capital Gain: Rs 74,52,946
Total amount: Rs 1,01,52,946
Risk in sip
Although SIP has the ability to give good returns in the long term, it is important to remember that it is a market-linked investment. This means that there is no guarantee of returns. The annual return of 15 per cent mentioned above is an estimate and may vary depending on the actual return market conditions.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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