SIP Power: A millionaire can also be made by depositing only ₹ 9000 every month! This is the formula – How to become crorepati investment in sip Rs 9000 per month can help you make more than 1 Crore Know How Tutc

Who does not dream of becoming a millionaire, everyone works hard to raise money. But if regular investments are made with the right strategy, then every month small savings can also fulfill your dream of becoming crorepati. Yes, we are talking about Systematic Investment Plan i.e. SIP, in which the power of compounding can also be made millionaires by saving just 9000 rupees every month. Let’s understand its calculation …

Savings need to invest in the right place
Everyone saves a part of their earnings after retirement, so that at that stage of age, no financial problem has to be faced nor any other has to be dependent on anyone else. Your savings can also make you a millionaire, but for this it is necessary to invest in the right place, where returns are also found great. In this context, SIP has emerged as the most popular source in the past and it has got up to 12-15 percent returns. Through which it has also helped to collect fat funds through small savings. Not only this, the return of many SIPs has been up to 16-18 percent in the long term.

Tie knots for the goal to drink these 3 things
Three things can be helpful mainly to fulfill their dreams of becoming a millionaire through SIP. The first is disciplined and regular investment, the second is the increase in investment over time and the third is the power of compounding. That is, in disciplined investment to achieve your goal, the power of compounding, the power of compounding contributes to increasing the amount of your investment and returns manifold over time. At the same time, by increasing your invested amount slightly, you can achieve your goal ahead of time.

Mathematics to become a millionaire from ₹ 9000
Now we understand how you can fulfill the dream of becoming a millionaire by saving just Rs 9,000 through SIP Investment. So let us know that the Systematic Investment Plan (SIP) is a long -term investment process and the most important thing in this is that along with strong returns on investment, there is also the benefit of compounding on maintaining it for a long time and a thick fund is collected.

You will have to pay regular SIP for 21 years by depositing about 300 rupees every day or nine thousand rupees in a month. Now suppose you get only 12 percent returns, so your total investment will be Rs 22,68,000 and the return with compounding will be Rs 79,80,068 in this period. Overall, your fund will increase to Rs 1,02,48,068.

On the other hand, if the return you get up to 15 percent, then your total fund will be Rs 1,59,54,054 crore with this amount invested. You can join the category of millionaires even before 20 years by increasing your money invested every month.

Investment at a young age is a profitable deal
Experts say that the sooner the investment is started (especially in SIP), the more you can benefit. In today, financial advisors recommend investors in mutual funds, the reason behind this is that investing in mutual funds is very easy. People of any age can SIP in mutual funds. There is a strength of compounding behind it. The power of compounding formula says that investment will have to continue for a long period.

(Note- Be sure to consult your experts before any kind of investment.)