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What is the 15-15-15 rule of mutual funds?
short by Shreyasi Banerjee / on Saturday, 27 April, 2024
According to the 15-15-15 rule of mutual funds, to achieve the goal of earning ₹1 crore, an investor should invest ₹15,000 monthly through SIP for 15 years, considering a 15% annual return from an equity fund. The rule is based on the principle of compounding, in which an asset's earnings are reinvested to generate additional earnings over time.
read more at Financial Express