SIP: Start this work at the age of 30, you will become a millionaire at the age of 45, know the right way to invest...

If you want to collect big funds fast, then you will have to become an aggressive investor. In such a situation, you will have to invest a large amount in those places from where you will get strong returns. In this case, investing in mutual funds through SIP can be very helpful for you. You can also make yourself a millionaire through mutual funds.

However, the returns of mutual funds are based on the market. But in the long term, returns of 15 and 20 percent have also been seen in it. Whereas its average return is considered to be 12 percent. If you invest in mutual funds, you get the benefit of compounding. With this, wealth creation happens very fast. Know here the way by which you can make yourself a millionaire in 15 years through SIP, that is, if you start investing in it from the age of 30, you can become the owner of Rs 1 crore by the age of 45.

Will this formula make you a millionaire?
The simple formula to become a millionaire in 15 years is 15X15X15. According to this formula, you have to invest Rs 15,000 every month in mutual funds through SIP for 15 years. In mutual funds, you can get 15 percent or more interest in the long run. According to the SIP calculator, if you invest Rs 15,000 in 15 years, you will invest a total of Rs 27,00,000. But if 15 percent interest is received on it then it will be Rs 74,52,946. In this way, by combining the invested amount and interest, a fund of Rs 1,01,52,946 will be prepared in 15 years.

If you earn Rs 80,000 then investing Rs 15,000 is not a big deal.
If your monthly income is Rs 80,000 or around then it is not a big deal for you to invest Rs 15,000 per month. According to financial rules, 20 percent of the income should be saved and invested. If your monthly income is Rs 80,000 then 20 percent of it is Rs 16,000. Here you have to invest only Rs 15,000, which you can do very easily. If you start this investment at the age of 30, you can become a millionaire at the age of 45.

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