Unlocking Wealth: Understanding the 15-15-15 Rule of Mutual Funds
In the world of finance, particularly in the realm of investments, there exists a simple yet powerful strategy known as the 15-15-15 rule of mutual funds. This rule, when followed diligently, has the potential to transform modest investments into substantial wealth over time. Let's delve into what this rule entails and how it can pave the path to financial prosperity. Demystifying the 15-15-15 Rule: The 15-15-15 rule is straightforward: invest INR 15,000 every month for 15 years in a mutual fund scheme that offers an annual interest rate of 15%. By adhering to this disciplined approach, your investment is projected to grow to a staggering INR 1,00,26,601 after 15 years. This means that despite investing only INR 27 lakh over the years, you could potentially earn a gross return of INR 73 lakh. The Magic of Compounding: At the heart of the 15-15-15 rule lies the concept of compounding interest. This powerful phenomenon allows small, regular investments to snowball into significant su...
