Every investor wants maximum return on his investment. While investing, he also tries to keep the risk to a minimum. If you invest cautiously and wisely in Mutual Funds, then you can get better returns.
We also have to keep in mind that Mutual Fund market is a risky investment. But if you invest in it for a long period, the risk is reduced here. At the same time, the returns are also expected to get better. There are many rules to be observed while investing in mutual funds, one of them is the ’15×15×15′ rule. Let us know what is this rule and if you follow this rule then how can you become a millionaire.
Does 15×15×15 Rule
According to the Mutual Funds SIP (Systematic Investment Plan) rule, if a person makes a continuous deposit of Rs 15,000 a month for 15 years, then one can get Rs 1 crore at the time of maturity. If the annual interest rate remains around 15 percent.
What is expert opinion
Amit Gupta, MD, SAG Infotech says, “The 15×15×15 rule in mutual fund SIP plans is very effective. This rule can make a person a millionaire. If you get 15% annual interest on investment of Rs 15,000 a month, then in 15 years you will get more than Rs 1 crore. 74,52,946 will be available in interest at 15% per annum interest of Rs 27,00,00. That is, your total money will be Rs 1,01,52,946.
On the 15×15×15 rule, Vineet, CEO & Founder, MyFundBazar says, “Investors can choose from small cap, mid cap and large cap as per their risk appetite.
