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How to make use of 15-15-15 rule in mutual funds to be a crorepati
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If you are looking to accumulate Rs 1 crore by investing in mutual funds, there is a simple rule to help you become a crorepati over the long term. The 15-15-15 mutual fund investing rule helps to give some idea as to how much you need to save every month, for how long and at what growth rate to get Rs 1 crore as the target amount. Stock markets are volatile by nature but over the long term they drift upwards as has been seen in the past. Generating a return of nearly 15 per cent every year may not be possible in the equity market but over the long term, an annualised return of around 15 per cent may be achieved.
Figure ’15’ is used three times in the rule referring to growth rate, duration and monthly amount of savings. Assuming you are
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