SIP 10X21X12 Formula- If you are planning for an investment, then this article is for you. Investing in SIP or Systematic Investment Plan is always considered the safest and highest return option. People invest in it according to their investment capacity. So now if you also want to become rich in just 21 years, then follow the 10X21X12 formula of SIP. Through this formula, you can get a return of up to 12 percent on the investment amount to become rich.
10X21X12 Formula
Your dream of becoming a millionaire in 21 years can now become a reality through SIP. You can create a big fund by adopting the 10X12X21 formula of SIP. Actually, with the magic of compounding, your investment amount will grow rapidly, so know the full details of this great investment plan.
Mutual Fund SIP
If you do a SIP of Rs 10,000 every month, you can get an average return of 12% per annum on that investment. Actually, investors easily get a return of 12 to 15 percent in SIP. So if you are 30 years old now, you can become a millionaire by the age of 51 with the 10X12X21 formula. That is, an investment of 10,000 can make you rich by retirement.
Yes, if an investor invests Rs 10,000 every month through SIP, then he can get tremendous benefits of compounding if he continues it for just 21 years. That is because an average of 12% annual return is expected on the investment. In such a situation, your small monthly investment can turn into crores. The dream of financial freedom can be fulfilled by making disciplined investments for a long time. That is, if your salary is around Rs 50,000, then you can become a millionaire before retirement by doing a SIP of 10,000.
So if you do a SIP of Rs 10,000 every month, then this small habit can create a big fund in the long run. Yes, if we look at the estimate of 12% annual return, then the investment in 21 years will be Rs 25,20,000, on which the return will be around Rs 79,10,067. Whereas, if you continue SIP for 21 years, the investment can reach around Rs 1,04,30,067 crores. This is the power of compounding!
Let us tell you that mutual funds are linked to the stock market, so it is natural for it to fluctuate. But if you do SIP with patience for a long term, then a big fund can be created over time. However, do not consider the market fall as something to be afraid of, but consider it an opportunity to invest. Regular investment and the magic of compounding can easily make you a millionaire.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.