15x15x15 formula can make you a millionaire in 15 years, if you start investing at 25 you will become rich at the age of 40.

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In SIP you get the benefit of compounding.  This results in wealth creation very fast.  If you want to become a millionaire in a short time with the help of SIP, then the formula of 15X15X15 can be very helpful for you.

If you are an aggressive investor and want to raise big funds as soon as possible, then mutual funds can be a great option for you. If you invest in it for a longer period through SIP, you can also make yourself a millionaire. Due to being market linked, there is no guaranteed return in SIP. Its returns are based on the market. But in the long term, it can also give returns of 15 and 20 percent. Its average return is considered to be 12 percent. Apart from this, you get the benefit of compounding. With this, wealth creation happens very fast. If you want to become a millionaire in a short time with the help of SIP, then the formula of 15X15X15 can be very helpful for you.

 How will a millionaire create the formula of 15X15X15?

According to 15X15X15, you have to invest Rs 15,000 every month for 15 years in a scheme in which you can get interest at the rate of 15 percent. Here we are talking about investing in SIP because getting 15 percent return in SIP in long term is not a big deal. If you invest in SIP by adopting the formula of 15X15X15, then at the rate of Rs 15,000 per month, you will invest a total of Rs 27,00,000 in 15 years. But if interest is given on it at the rate of 15 percent 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.

The sooner you invest, the sooner you will become rich

 The sooner you start investing, the sooner you can become a millionaire. If you invest according to the formula of 15X15X15 at the age of 25, then you can become a millionaire by the age of 40. But for this your income should be around Rs 80,000 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. In such a situation, you can easily invest Rs 15 thousand in SIP.