5 easy ways to become a millionaire with SIP Formula, know the complete planning

SIP Formula: If you also think that to become a millionaire, you need a huge amount of lakhs and crores, then this news is for you. With the right planning, disciplined investment, and compounding, any ordinary investor can make big capital. SIP (Systematic Investment Plan) means by investing small amounts every month, you can make your future financially strong.

SIP Formula: In today's era, every investor dreams of becoming a millionaire. But often people think that for this, a huge amount or risk will have to be taken. The truth is that if you invest in SIP (Systematic Investment Plan) in a disciplined manner and have a little patience with the right planning, then this dream can be fulfilled very easily. According to Rajneesh Mehan (Executive Director, Chief Investment Strategist), with some easy combinations, investors are quietly making an amount of ₹ 1 crore or more. If you do a SIP of ₹10,000 every month and invest ₹6 lakh lump sum at one go, then your investment can reach ₹1.04 crore in 15 years.

SIP of Rs 10,000 + 6 lakh lump sum: If you do a SIP of ₹10,000 every month and invest ₹6 lakh lump sum, then this amount becomes ₹1.04 crore in 15 years. That is, you can become a millionaire even by starting from a small level.

SIP of Rs 15,000 + 8 lakh lump sum: If you continue SIP of ₹15,000 per month and ₹8 lakh lump sum investment for 20 years, then it can create a fund of up to ₹2.63 crore.

SIP of Rs 20,000 + Lumpsum of Rs 10 lakh: Invest a lump sum of Rs 10 lakh with a monthly SIP of Rs 20,000 and you can have a corpus of over Rs 4 crore after 20 years.

SIP of Rs 25,000 (with 5% annual growth): If you invest Rs 25,000 per month in SIP and increase it by 5% every year, this investment can reach close to Rs 7.15 crore in 25 years.

SIP of Rs 35,000 (with 5% annual growth): If your income is a little good and you can invest Rs 35,000 in SIP, then with 5% annual growth, this amount can reach up to Rs 10.02 crore in 25 years.

How does SIP Formula Magic work

All this is possible due to the magic of compounding. When the investment is allowed to grow over time at the rate of 13% CAGR (Compound Annual Growth Rate), it shows exponential growth. If you also want to become a millionaire, then start SIP today. The sooner you start, the better will be the benefit of compounding.

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