Nowadays investing in SIP is everyone’s favorite option. You can start SIP with a small amount of just Rs 500. At the same time, you also get the good benefit of compounding for long term, due to which you can create a big corpus. There is a magical formula in SIP which is 12X30X12 which can make you a millionaire. In this formula 12 means annual top-up of 12%. This means that if you start SIP with Rs 1,000 then you have to top up at the rate of 12% every year. Now 30 means 30 years, meaning you have to run SIP for 30 years and the second 12 means 12% return on SIP. For more information please watch this video till the end
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