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Everyone has a plan to save their hard earned money. For this, people also live in search of many investment options. There is a formula to invest in the same such as 10:12:30 Formula. This formula works on SIP. Through this, you can comfortably raise funds of more than Rs 3 crore. Let us know how this formula works and what is its calculation.

Some of the month's earnings can be saved by saving. SIP is a better option for this. You can make funds up to more than Rs 3 crore by SIP in mutual funds. Provided you have to fix your target and accordingly you have to plan again. This simply means that you have to invest with discipline under a plan.

How to become 3 crores

It is a matter of 10:12:30 Through the formula, before understanding how the fund will be made, it is known that what the meaning of this formula means. The formula is divided into three parts. The first 10 means the amount of investment. That is, you have to invest 10 thousand rupees every month. The second 12 means return, that is, let us get a return of 12 percent on investment. At the same time, 30 means year. You have to continue your invest for 30 years. After this, the goal of your investment will be met.

This is calculation

If you invest from the age of 30, then your total investment will be more than Rs 3 crore by reaching the retirement duration ie 60 years old through 10:12:30 formula. In this, compounding is the most important role in increasing your investment. Now if you deposit 10 thousand rupees every month for 30 years, then your investment will be Rs 36,00,000. If you look at the compounding on it, it will get Rs 2,72,09,732. If you add investment and interest, the total fund will be Rs 3,08,09,732.