Pension Tips: This formula of 15x15x15 will give you a pension of ₹50 thousand every month..
Whenever it comes to strong returns, everyone has only one thought in their mind that they should invest in the stock market. However, the risk there is also very high. In such a situation, you can invest money in Mutual Fund, which will give you strong profits. Every mutual fund has the facility of SIP, which makes investing very easy. You can become a millionaire by adopting the 15*15*15 formula. At the same time, you can retire only by the age of 45 and after that, you can get a pension of Rs 50 thousand every month. Let's know how this will work.
What is the 15*15*15 formula?
The 15*15*15 formula means investing Rs 15000 every month at the rate of 15 percent for 15 years. No one will offer a rate of 15 percent with a guarantee, but in the long term in mutual funds, you can get an average rate of 15 percent. If you do this, you can accumulate a corpus of Rs 1 crore in 15 years, i.e. you can become a millionaire. All this will be possible with the power of compounding.
What is the power of compounding?
The power of compounding means the compounding interest you get on your investment. Under this, you not only get interest on the principal amount but also on the interest earned on the principal amount in the next months. If we look at the current situation, for example, suppose you invested Rs 15,000 in January. On this, you will get an interest of about Rs 187 at the rate of 15 percent. Next month, if you deposit Rs 15,000 again, then now your total investment becomes 30,000, but you will get interest on Rs 30,187, i.e. interest on interest as well. This is the power of compounding.
Mutual funds can give a 15% return
There are many ups and downs in the stock market, but it has been seen that an average return of 15 percent can be achieved in the long term. It has been seen in the stock market that despite the strong recession, there has been a great recovery in the long term. You just have to keep reviewing your mutual fund investment from time to time, so that it remains to be known whether you are getting proper interest on the money you have invested or not. If you feel that the interest is low or will remain low, then you can change your strategy.
How much will be the benefit, understand the calculation
Suppose you invest 15 thousand rupees every month. In such a situation, you will invest about 27 lakh rupees in 15 years. On the other hand, if you get an average interest of 15 percent on this money in 15 years, then you will get an interest of Rs 73 lakh. That is, the total corpus of your fund will be Rs 1,00,27,601. In this way, your money will turn into 1 crore rupees in no time.
Retire in 45 years, pension of 50 thousand
If you are 30 years old and you start investing from then, then you can become a millionaire at the age of just 45 years. If you have 1 crore rupees, then you can invest it somewhere, on which you will easily get 6-7 percent interest. If you get only 6 percent interest, then you will get 6 lakh rupees annually, that is, you can get a pension of 50 thousand rupees every month.
