Want to become a millionaire without working hard? How long do you think you can become a millionaire? If you have the same question in your mind then don't worry because today we will tell you such a trick that will make you a millionaire in no time without any effort. You just have to invest some money in SIP every month to become a millionaire. Yes, SIP of mutual funds is becoming very popular among investors nowadays. This is because SIP has made investors rich by giving more returns in less time. In this, investors get a strong benefit of compounding. Today we are going to tell you how an investment of Rs 10,000 can help you raise funds worth crores.
plan for so long
By the way, you can also invest in SIP of mutual funds from Rs 100. But if you want to raise funds worth crores only, then you should invest Rs 10,000 in it. According to data from MFI, FundsIndia Research, a SIP of Rs 10,000 can make an investor a millionaire in 20 years. Whereas, 20,000 per month can make an investor a millionaire in 15 years and 25,000 can make a millionaire in 13 years.
how to become a millionaire in 10 years
If an investor can become a crorepati in less than 10 years in 40,000 SIP without any annual increase. Whereas 50000 monthly SIP will make you a millionaire in about nine years. That is, the more amount you put in SIP, the sooner you will be able to become a millionaire.
According to market experts, investors should remember the 15 X 15 X 15 rule of mutual funds. The rule says that if an investor invests Rs 15,000 for 15 years, he can expect a return of 15% and will get around Rs 1 crore on maturity.
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