The 15-15-15 rule
When it comes to smart wealth building, mutual funds are one of the best options out there. You can create a corpus of a crore through them. Let’s explain.
Let’s introduce you to the 15-15-15 rule
That way, you’d save Rs 27 lakh
If your fund/s grow at 15 per cent
If this happens, your Rs 27 lakh investment would grow to a staggering Rs 92.45 lakh in just 15 years!
Not all funds can deliver 15 per cent growth. You should not chase performance alone either.
Choose a fund that suits your risk appetite and invest for the long-term to build wealth. Also, you can build wealth effectively by stepping up your SIP on an annual basis.