highlights
15*15*15 is a popular investment planning rule.
Invest money in a mutual fund with a 15% return for 15 years.
A monthly investment of 15,000 can earn up to 1 crore of money.
Investment tips: Every person in the world wants to make money and live a luxurious life. But this dream remains a dream for many people, while some fulfill it. You will wonder what these people who get rich in no time do. Don’t worry about it, start saving today. Because only small savings can fulfill every big dream of the future.
We all think that to make billions in money over the long term, you have to invest huge sums of money every month, but that’s not the case. You can become a millionaire by investing some money from your salary or business income every month. This requires investing in forms of investment such as mutual funds that are subject to market risk. Let us know how you can become a millionaire using the 15*15*15 rule.
What is rule 15*15*15?
SIP in mutual funds is a lot. Because the investment is not made in a lump sum, but in pieces and brings enormous returns in the long term. Depending on your risk appetite and duration, there are many mutual fund options that you can invest in as you see fit.
Also read this – This is the formula to double/triple the money, if you know this rule you too can get rich!
15*15*15 is a popular investment planning rule that can easily raise a million dollar fund over the long term. You don’t need a lot of brains and calculations for that. All you do is invest Rs 15,000 every month for 15 years in a mutual fund that yields 15%. A fund of 1 crore can be prepared from this alone.
Compound interest increases the amount
The term “compounding” is often used in mutual funds. With its help, small amounts regularly become huge capital over a longer period of time. The growth of your investment on the interest earned as well as the interest accrued is basically known as compound interest or compound interest.
In fact, it’s believed that mutual funds can generate returns of up to 15% over the long term. If you invest according to the rule 15*15*15 Rs 15,000 per month for a period of 15 years, able to pay 15% interest annually, you will end up earning Rs 1,00,27,601 in 15 years. A total investment of just Rs. 27,000 is made by you while the return in compound interest is Rs. 73,000.
If you extend this period for another 15 years, your deposit will grow exponentially and the 15*15*30 rule will help you accumulate Rs 10,38,49,194 (more than Rs 10 crore).
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Key words: investment and return, investment tips, Tips for making money, Mutual Fund SIP Returns, save money
FIRST RELEASED : February 19, 2023 at 4:48 p.m. CET
