Do you know this special rule of mutual fund investment, which makes you a millionaire in 15 years
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Bumper Mutual Fund Return: If you are planning to invest, then this news is most useful for you. You can invest in Mutual Funds through SIP. However, the mutual fund market is an investment fraught with risks. For mutual fund investors, there are several rules to maximize one’s returns.
This is the formula to become a millionaire
A great formula for investing in mutual funds is the 15 x 15 x 15 rule (15 x 15 x 15 rule). In this Mutual Fund SIP (Systematic Investment Plan) investment, an investor can become a millionaire by investing Rs 15,000 per month for 15 years. 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, mutual fund calculators suggest that one can double his maturity amount and get more than ₹2 crore in 15 years if an annual step-up of 15 per cent is maintained.
understand with this example
If someone does a monthly SIP of 15 thousand rupees for 15 years, then your invested amount will be 27 lakh rupees. In such a situation, if we assume an annual return of 15 percent, then you can get a total estimated return of up to Rs 74,52,946 on your investment.
It is clear that your Rs 27 lakh will become Rs 1,01,52,946 after 15 years. In this way you can become a millionaire very easily by depositing 15 thousand rupees every month in 15 years.
,Here ABP News I am not recommending to invest in any fund. The information provided here is for informational purposes only. Mutual fund investments are subject to market risk, Read all the scheme related documents carefully. of plans NAV, The security can fluctuate depending on the factors and forces influencing the market, including fluctuations in interest rates. past performance of a mutual fund, May not necessarily reflect future performance of plans. mutual fund, does not guarantee or guarantee any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are urged to carefully review the prospectus and seek specific legal, You are requested to seek expert professional advice regarding the tax and financial implications of investing/participating in the scheme.)
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