Mutual Fund Formula: Some people think about investing when they turn 35-40 years old. Because when they were 25-30 years old, they were not serious about investing. They had only one argument that now is the time for fun.
Mutual Fund Formula: Now the age has crossed 40, earlier they did not think about investing, and now responsibilities have increased, so less money is saved. Most people above 40 have this complaint. Actually, often people become aware about future plans after the age of 40. They feel that saving is necessary for old age. But they have less time. Because most of the youth get a job between 25 to 30 years.
In today’s date, everyone wants to become a millionaire, so that all their needs are fulfilled. But due to this, most people are not able to reach their financial goals. Because they are not very serious about future plans. However, now some people start planning for the future with their first job.
Age above 40… is everything useless now?
In our country, some youth start saving money as soon as they get a job after studies and also decide their retirement plan. Some youth in today’s era choose the age of 40 for retirement, and this is also becoming possible. At the same time, some people think about investment when they turn 35-40 years old. Because when they were 25-30 years old, they were not serious about investment. There was only one argument that now is the time for fun. Will think about saving later. But later responsibilities increased and could not save money.
Now that the age has crossed 40, the worry of retirement has started to haunt. How will old age be spent? Because there is nothing in the name of savings. But now the question arises that after turning 40, is there no time left to become financially strong? Can’t a retirement fund be created by investing at this age? The answer is, when you wake up, then dawn will come… You can raise more than Rs 2 crore for retirement even after 40 by investing with the right strategy. There is a special formula for this.
If your age is 40 years, then you can easily raise Rs 1 crore in the next 15 years. Whereas people retire at the age of 60. In such a situation, as soon as you turn 60, you can easily deposit an amount of more than 2 crores. Let us know which is the formula that makes someone a crorepati in just 15 years. We are talking about the 15x15x15 rule i.e. (15*15*15 Formula). You can raise Rs 1 crore in just 15 years with this easy formula.
Savings are necessary for investment
Let us tell you that to achieve any financial goal, you have to invest, and you have to do it continuously. The 15x15x15 formula is shown by linking it to mutual funds. In today’s era, financial advisors advise investors to do SIP in Mutual Funds, because investing money in Mutual Funds is very easy. People of any age can do SIP in Mutual Funds. The power of compounding is behind this. The formula of Power of Compounding says that the investment has to be continued for a long period.
What is the 15x15x15 formula? There are three 15s in it, the first 15 determines the amount of investment. That is, 15 thousand rupees need to be invested every month. After that, the second 15 means that the investment has to be continued continuously for 15 years. While the third 15 says that 15 percent interest should be received annually on that investment.
How does this formula work?
Now let us tell you, how you can become a millionaire in just 15 years with the 15x15x15 formula (15*15*15 Rule in Mutual Funds). For this, you will have to invest 15 thousand rupees every month in mutual funds for 15 years, and this investment should get 15 percent annual interest. After which, in 15 years, the investor will get a total of Rs 1,00,27,601 (more than one crore). During this time, the investor will have to deposit Rs 27 lakh, on which a bumper interest of Rs 73 lakh will be received.
More benefit if you understand at a young age
The sooner you start investing, the more benefit you will get. By adopting this formula, you can raise more than 2 crore rupees in 20 years. For which the amount of investment every month (15 thousand rupees) and the interest on it (15 percent) will remain the same, only the time will increase to 20 years. Under the 15x15x20 formula ((15*15*20 Rule), you will have to do SIP of 15 thousand rupees every month for 20 years. On which 15 percent interest has been estimated, which has been given by the mutual fund in the last two decades. With the 15x15x20 formula, you will be able to deposit Rs 2,27,39,325. With this, you can fulfill all your needs at the age of 60.
Benefits of SIP: This interest must be surprising you, but it is possible. Because in SIP, interest is added by compounding formula. Initially, interest is received on the original investment, then interest is received on the interest. With this, you can become a millionaire by regular investment every month.
(Note: In the above formula, the return is shown as an estimate, take the help of a financial advisor before making any kind of investment.)
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