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If you invest Rs 15,000 per month in mutual funds for 15 years, your total investment will be Rs 27 lakh. In this, you will get compensation of about Rs 74.52 lakh. With this, your total fund will cross Rs. 1.01 crore. If you get 12 percent return on your investment in mutual funds, then in 17 years your fund will cross Rs. 1 crore. Note: Mutual fund investments are subject to market risks. Future returns cannot be measured based on past data. No investment advice is given here. Consult your advisor before taking any investment decision.
Under the 15X15X15 formula, you have to invest Rs 15,000 in mutual funds for 15 years. If you are 25 years old, you can invest Rs 15,000 per month in SIP till the age of 40. If you get a return of 15 percent on this, you will become a millionaire.
Investing in mutual funds can be started through SIP where you have to invest in a good mutual fund scheme every month. You should follow the 15X15X15 formula while investing.
To become a millionaire, you should start saving and investing from today itself. For this, you need to save some amount from your income every month and with this savings, you can start investing in mutual funds. This can give you huge profits.
Everyone wants to be rich. Earn as much money as you can and live a comfortable life. This should not be a problem. If you do financial planning like this, you can become a millionaire
