Do u know the 15 X 15 X 15 rule of mutual funds ?
Do u know the 15 X 15 X 15 rule of mutual funds?
Well, it simply says that if one does a 15,000 rupees SIP per month for 15 years which earns average 15% compounded annual returns,
You are able to accumulate 1 CRORE Rs. (against Ur total investment of only 27 lakhs )
Now, read this one.
The 15 X 15 X 30 rule of mutual funds?
If u do a 15,000 Rs.SIP per month for 30 years (instead of 15 years as earlier), at a 15% compounded annual return, You will be able to accumulate 10 crores (against your total investment of 54 lakhs).
This shows that time, and not timing is important for Wealth Creation.
Comments
Post a Comment
You are requested to mentioned your full name with email id while commenting.