Did you dream of owning a car without a debt? The formula of 12x12x12 form may be possible. By investing in Rs 12,000 per month in 12 years with an anticipated return of 12 per cent each year, you can build a corpus of approximately Rs 37 Lakhs. This discipline approach can help you save and grow your wealth in time. With the power of compounding, your money works for you, which your dream car is closer. Let’s find out how simple this but effective form can help you achieve your goal of owning a debt-free vehicle.
Here, let’s think that the car’s price is now around Rs 17 lakh. The claim of an annual inflation intake of 6 percent, the vehicle can take 25 lakh in the forfeits of 10-12 years. Therefore, we hereby refer to the higher corpus to consider inflation using 12x12x12 SIP formula. Look!
What is the systematic investment plan?
A systematic investment plan (SIP) is an investment method of each other’s funds wherever you invest in a fixed amount. Once you apply for one or more SIP plans, the value is automatically debited from your bank account and invested in the mutual fund you purchased at the previous time interval.
Understanding color
Compounding has earnings of earnings not only at the principal amount but also accumulated growth during investment.
What is the formula 12x12x12 SIP?
The first 12 represents the investment value, you must return Rs 12,000 per month. The second 12 stands for an annual return, which is 12 per cent. The end but less, 12 represents the investment period in 12 years.
How is 12x12x12 SIP formula work?
You need to return Rs 12000 to a monthly systematic investment plan (SIP) in 12 years of 12 percent annual return.
Plan for your dream car now with 12x12x12 SIP Strategy
If you start investing in Rs 12,000 per month from age 20, by the time you are 32, you can end up building Rs 36 Lakh Corpus. Even if you start at 25, by the time you are 37, you can plan to own your dream car with a loan. Similarly, you will know what age you can reach this target by calculating according to your current age.
Turn Rs 12,000 monthly investments in Rs 37 Lakh Corpus
If you start later, that at age 30, you can get to the target corpus at the time you have thrown 42.
12x12x12 SIP conditions calculation conditions
- Monthly Investment: Rs 12,000
- Annual returns: 12 percent
- Investment Time: 12 years
12x12x12 SIP Formula: What is your total investment value?
Using this formula, if you start a monthly SIP RS 12,000 and continue for 12 years, your estimated amount of investment is 17,28,000.
12x12x12 SIP Formula: What are you getting capital?
Using this formula, if you start a monthly SIP on Rs 12,000 and continue for 12 years, your estimated capital gains can be Rs 19,69,147.
12x12x12 SIP Formula: What is your corpus after 12 years?
Using this formula, if you start a monthly SIP RS 12,000 and continue for 12 years, your estimated corpus can be RS 36,97,147.
Disclaimer: non-financial advice; invest in your own risk.
