SIP calculation: People often like to invest in SIP (Systematic investment plan). By investing in it, you can create a strong fund for yourself in a short time. Yes, it is also very easy to become a millionaire through SIP, in this the investor easily gets an annual return of 12 to 15 percent. So if you are also dreaming of becoming a millionaire, then immediately follow the 17+15+15 formula of SIP.

Nowadays everyone wants to invest in such a place where one can easily become a millionaire, that too without spoiling the budget with a little investment. So if you are also looking for a scheme to become a millionaire, then the 17+15+15 formula of SIP is going to be the best for you. Yes, by investing in SIP, you can increase your hard-earned money rapidly. To become a millionaire in 15 years, you need to invest Rs. 17,000 every month through SIP.

Looking at the needs of tomorrow and the rising inflation, investing in the right fund at the right time has become very important for everyone. So, if you also want a good fund for yourself in the future, then invest in SIP immediately. The 17+15+15 formula of SIP will tell you how much you can invest in a month and how much interest you can earn to become a millionaire.

This formula tells that if you invest in the right fund at the right time, you can become a millionaire in just 15 years. Yes, if your monthly SIP is ₹17,000 and the estimated annual average return (interest) on your investment is 15%, then you will become a millionaire in just 15 years.

Everyone should know that through SIP, it is possible to easily get an annual average return of 12 to 15% from equity mutual funds in the long term. In such a situation, if you want to become a millionaire in 15 years, then an annual return of at least 15 percent will help in this.

If you follow the 17+15+15 formula, then the total investment amount (in 15 years) will be ₹17,000 x 15 percent interest x 15 years = 1 crore plus. That is, if you want to become a millionaire in 15 years, you will have to do a SIP of Rs 17,000 every month, you can easily get an annual return of up to 15 percent on this investment. According to this, an investment of Rs 17,000 will be ₹30,60,000 in 15 years, the return amount in this will be ₹74,18,215. Then on maturity, you can get a total of ₹1,04,78,215 by combining the returns and the investment amount.

If you are starting a SIP of 17,000, then your monthly salary should be at least 80 thousand. So that even after starting a SIP of 17,000, the rest of the monthly expenses can be easily met. So, in such a situation, talk to any of your financial advisors today and start your journey to become a 'crorepati'.