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Invest Rs 3000 in SIP at the age of 30, you will get Rs 4.17 crore on maturity, invest like this

SIP Investment: Long term method is best if you want to make money. Deduct essential expenses from your income and then save Rs 100 every day. This savings should be invested every month. Stable investment plan will give your money the right direction. Let us know about it in detail.

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HR Mandi Bhav, SIP Investment: It is good to invest early. But, no matter what age, if invested properly, your goals will be achieved. 

If you don't want to invest money directly in stocks, start with mutual funds. No large investment required. Start with SIP. But, if you want a bigger corpus, you have to understand its formula also. By understanding and adopting this principle of SIP your wealth will grow day by day.

Do you plan your investments?

The long term method is most accurate if you want to make money. Deduct essential expenses from your income and then save Rs 100 every day. 

This savings should be invested every month. Your money will get the right direction with a systematic investment plan and the returns will keep increasing your money.

Start SIP from Rs 3000

The investment advisor said that equity mutual funds can be a good option if you need a higher amount. If an investor makes the first investment of Rs 3,000 at the age of 30 and invests continuously for 30 years, he will create huge wealth. It is good to invest in Systematic Investment Plan (SIP). 

Most accurate SIP formula

According to the advisor, one should invest in mutual funds for 30 years. This is an easy way to become a millionaire as it gives returns of around 15%. 

Compounding is its biggest advantage. Compound interest will also give a profit of 15 percent in 30 years. But the most accurate formula that will make SIP work is more important than this. This is an example of Step Up SIP. All you have to do is maintain a step-up rate of 10 percent every year.

How to become a millionaire?

You are 30 years old. Saved Rs 100 per day and invested in SIP. Long term system targeted for 30 years. Kept doing 10 percent step-up every year. If you start with Rs 3,000, you will have to increase it to Rs 300 next year. After 30 years you will have a maturity amount of Rs 4,17,63,700. 

According to SIP calculator, your total investment in 30 years will be Rs 59,21,785. But the profit from returns will be only Rs 3 crore 58 lakh 41 thousand 915. These returns work in SIP. Thus, with the help of the most accurate formula step-up, you will have a huge wealth of Rs 4 crore sixteen lakhs.