Who does not want to be rich after retirement and should not have a fund of crores, but to achieve this goal, savings and rights at the right place are most important. In such a situation, the formula of 10:12:30 can be amazing and can prove to be helpful in fulfilling your dream of becoming a millionaire. Actually, it works with a systematic investment plan i.e. SIP, let’s know how this formula will work and what is its calculation …
This SIP formula will make you a millionaire
If you also want to save a part of your earnings and invest in a place where a fund of crores can be made with strong returns, then this target can be achieved by investing in mutual funds through a systematic investment plan (SIP) and a fund of more than Rs 3 crore can be made till retirement. However, to achieve this goal, it is necessary to make your financial planning from now on. It is very important to start investing at the right time to easily achieve your big financial goals. You can do this by adopting 10:12:30 forms of investment in SIP. Its calculation is very easy.
Formula to raise Rs 3 crore
Now let us tell you what is this 10:12:30 SIP formula and how it works. So its first part means that you have to save only Rs 10,000 per month from your monthly income. Then let’s talk about the next issue i.e. 12, so in this formula it means return. Yes, if we look at the history of SIP investment and returns, then investors have easily got 12-15 percent returns in the long term and we are considering only 12% on an average. Now if we take a look at the last issue, it means the investment period, that is, you will have to continue the SIP of Rs 10,000 per month for 30 years. Then you can become a millionaire with the strength of compound interest in this investment scheme.
Monthly SIP Investment Rs 10,000 Average Return 12% Investment Period 30 Year Your Total Investment Returns with Compounding Rs 36,09,732 Total deposit fund Rs 3,08,09,732
It is easy to calculate
Suppose you start investing in SIP at the age of 30 and are thinking of retiring at the age of 60. So in these 30 years your regular investment of Rs 10,000 will make you a millionaire. If you understand from SIP calculator, then …
These things are important in SIP investment
Significantly, SIP is a long-term investment plan and through it to fulfill his dream of becoming a millionaire, an increase in investment over time along with disciplined and regular investment can prove to be beneficial, which can increase the benefit of compound interest. If we understand the simple principle of investment and the benefits that are available in it, then the power of compound interest by staying on SIP in disciplined investment contributes to increasing the amount of your investment and returns manifold over time. Also, by raising your invested amount slightly, you can achieve your goal before time.
