If you are planning to invest, then this news can be very useful for you. You can invest in Mutual Fund. However, mutual funds are an investment full of market risks.
Due to the rally in the stock market, those investing in mutual fund SIPs have also got good returns. In this mutual fund SIP (Systematic Investment Plan) investment, an investor can become a crorepati by investing ₹15,000 per month for 15 years.
For a mutual fund investor, there are several rules for maximizing one’s returns. The 15 x 15 x 15 rule of mutual funds is one of them. Through this you can get excellent returns on your investment.
Know what the rule says?
This rule says that if an investor invests in mutual funds for a long period, then the return will be 15 percent. That is, anyone can become a millionaire in just 15 years. However, the mutual fund calculator suggests that one can double their maturity amount and get over ₹2 crore in 15 years if the annual step up of 15 per cent is maintained.
Understand by example,
if someone does a monthly SIP of Rs 15 thousand for 15 years, then your invested amount will be Rs 27 lakh. In such a situation, if you assume an annual return of 15%, then you can get a total estimated return of up to Rs 74,52,946 on your investment. This means that your Rs 27 lakh will become Rs 1,01,52,946 after 15 years. In this way, you can become a millionaire by depositing 15 thousand rupees every month in 15 years.
