Becoming a crorepati, or someone with assets worth 1 crore rupees, is a dream for many Indians While it may seem like a distant goal, it is achievable with the right investment strategy One such strategy is the 15x15x15 formula, which involves investing Rs 15,000 per month for 15 years in a scheme that offers a 15% return.
Understanding the 15x15x15 Formula:
The 15x15x15 formula is based on the power of compounding. By investing a fixed amount regularly over a long period, you can benefit from the interest earned on your initial investment and the interest earned on the interest. This snowball effect can significantly grow your wealth over time.
Why SIPs are Ideal for the 15x15x15 Formula:
Systematic Investment Plans (SIPs) are a perfect fit for the 15x15x15 formula. SIPs allow you to invest a fixed amount in a mutual fund scheme at regular intervals, typically monthly. This disciplined approach to investing ensures that you stay invested even during market fluctuations and helps you average out your purchase price.
How to Implement the 15x15x15 Formula:
To implement the 15x15x15 formula, follow these steps:
- Choose an Equity-Based Mutual Fund Scheme: Look for schemes with a proven track record of generating returns of 15% or more over the long term.
- Start an SIP: Invest Rs 15,000 per month in the chosen scheme.
- Stay Invested for 15 Years: Be patient and disciplined with your investments. Don’t get tempted to withdraw your money during market downturns.
- Enjoy the Power of Compounding: Over 15 years, your investment will grow significantly due to compounding.
Benefits of Using the 15x15x15 Formula:
- Achieve Your Financial Goals: The 15x15x15 formula can help you reach your goal of becoming a crorepati in 15 years.
- Power of Compounding: Benefit from the exponential growth of your investment through compounding.
- Disciplined Investing: SIPs encourage disciplined investing, ensuring you stay invested even during market volatility.
- Flexibility: You can adjust your SIP amount as your income increases.
The 15x15x15 formula is a simple yet effective strategy for achieving financial freedom. By investing consistently in a high-performing mutual fund scheme, you can leverage the power of compounding to become a crorepati in 15 years. Remember, the key is to be patient, disciplined, and stay invested for the long term.
How to accumulate Rs 1 crore in 15 years
Your monthly SIP investment will be Rs 19,819 if you wish to accumulate Rs 1 crore in 15 years, and you will invest Rs 35 67 lakh overall.
Following this investment, you will receive Rs 64 in capital gains. 33 lakh, with a total return of Rs 1 crore expected.
How to accumulate Rs 1 crore in 10 years
With the goal of becoming a crorepati in ten years, the monthly SIP will be Rs 43,041.
In 10 years, one will invest Rs 51. 65 lakh, but they will receive Rs 48 in capital gains 35 lakh in the same duration.
Therefore, after ten years, the total return will be Rs. 1 crore.
15,000 SALARY to 1 CRORE INVESTMENT STRATEGY! | Become a CROREPATI! | Ankur Warikoo Hindi
FAQ
How to make 1 crore in 15 years?
What is the 15 15 15 rule?
How to create wealth of 1 crore in 10 years?
How much to invest to get 2 crore in 15 years?
How to become a Crorepati in 5 years?
Becoming a crorepati in a span of such a short time like 5 years is a very difficult task but is achievable if done according to solid planning. Say you are getting an annual return of 15% then you must invest Rs.1 Lakh per month for the first 12 months which amounts to Rs.12 Lakhs per year.
How to become a crorepati by age of 40?
If you invest according to the formula of 15X15X15 at the age of 25, then you can become a crorepati by the age of 40. But for this, your income should be around Rs 80,000 per month. According to financial rules, 20 per cent of the income should be saved and invested every month.
How to become a Crorepati in a short time with SIP?
In SIP, you get the benefit of compound interest. This results in wealth creation fast. If you want to become a crorepati in a short time with the help of SIP, the formula of 15X15X15 can be helpful. Know the details If you invest according to the formula of 15X15X15 at the age of 25, then you can become a crorepati by the age of 40.
What is a crorepati calculator?
Crorepati calculator is a tool where you can find out that how much money you need to save and invest every month from your income at a specified rate of return on investment to become a crorepati within the time period you wish. But how does a Crorepati Calculator work?