SIP calculation: People invest in good schemes so that they do not face any problem regarding money in the future. If you also want to secure your future then you should start investing in SIP. If you are 35 years old now, then you can become a millionaire in just 25 years. To become a millionaire in 25 years, you will have to follow the formula of 15+15+25, so let's understand the secret of becoming a millionaire with this amazing formula.

Become a millionaire through SIP

Becoming a millionaire in the future is often everyone's dream. Now if you are 35 years old now, then you can easily create a fund of crores in 25 years by making the right investment. You can easily create a corpus of about 4 crores at the age of 60 through mutual fund SIP. For this strong fund, you will have to start a SIP of about 15,000.

Mutual Funds
Talking about investing in Mutual Fund SIP, it is a great option for those investors who can create a good fund in the future by investing a small amount. You don't have to spend time researching the stock market after investing in SIP. However, before investing in SIP, you should always plan your investment by looking at the last returns etc. By the way, let us tell you that mutual funds do not give fixed returns, it depends on the market.

Become a millionaire at the age of 60
If your age is 35 now, you can easily create a fund of 4 crores plus by retirement. That is, to create a fund of more than 4 crores for retirement, you will have to choose the option of SIP. However, before investing, make sure that you get an average annual return of 15 percent. You will be able to become a millionaire at the age of 60 only on a return of 15 percent.

A fund of Rs 4 crore will be created
If you want a financially secure life after your retirement, you can start a SIP of Rs 15,000 immediately. If you continue this SIP without stopping for 25 years, you can create a fund of more than Rs 4 crore for yourself. However, to get this fund, you will have to continue investing this amount with patience without stopping.

Calculation of 4 crore fund
To create a fund of 4 crore, you will have to invest Rs 15,000 in SIP. You can get an average annual return of up to 15 percent on this investment. According to this, your investment amount in 25 years will be ₹ 45,00,000. You will get interest of around ₹ 3,68,48,412 on this investment. By adding interest and investment amount in this, the total fund will be around ₹ 4,13,48,412.

Calculation of 2 crore fund
If you calculate this investment of 15,000 rupees at the rate of 12 percent annual return, then the fund will be 2 crore plus. Yes, your investment for 25 years will be ₹45,00,000. At the rate of 12 percent return on this investment, the interest will be ₹2,10,33,099. By adding ₹2,10,33,099 and the investment fund, the total fund will become close to ₹2,55,33,099

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.