Mutual Funds SIP Investment. People in the country usually get connected to their means of earning at the age of 30. Due to which they invest their earnings in schemes like FD or PPF. However, here the returns are lower, due in the earnings are less. You need to invest in this formula, which will give you huge returns in the future.
Financial experts say that people should invest with the help of the times, so that they can achieve their financial goals for retirement; however, you should invest after knowing, because you may have to take risks too. SIP Investment in Mutual Funds can make people rich. If you invest with this special formula, then you will become a millionaire.
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15-15-15 Rule
The 15-15-15 rule helps you earn 1 crore rupees. Here we explain to you by example how huge returns can be obtained. If someone does SIP of ₹15,000 every month, then ₹1.8 lakh will be invested throughout the year. This means you have invested ₹27 lakh regularly for 15 years.
Here, let us assume that if you get a compound return of 15% every year, then after 15 years you will have around ₹1 crore, if you show wisdom and keep investing ₹1 crore for the next 15 years and keep getting 15% return, then the same will become a huge fund of around ₹10 crore. You have seen that this formula makes 10 crore rupees. Due to which this habit of investing can remove the shortage of money throughout life.
Compounding Returns
If you understand the meaning of ‘compounding’, then you will become a millionaire in life. Let us tell you that the return you get on your investment starts earning more returns on its own. Due to which you start earning on your own. However, you will have to invest and give time to it. If you have patience in investing for many years and keep SIP going, then compounding can make you rich.
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However, it is worth noting that you do not get a guarantee of a 15% return, because there are fluctuations in the market. But in the past years, equity mutual funds have given such returns many times. You should invest regularly so that returns can be obtained. Only then, those who hurry in this do not get special returns.
