How to build a corpus of Rs.1 Crore rupees in 15 years by investing in a mutual fund?
Investors looking for a corpus of Rs.1 crore rupees have to follow certain rules of investing. Before investing one should decide the term he has to invest and the amount to invest in regular intervals, the most important thing is the rate of interest. A Corpus of one crore rupees is easily achievable it needs a disciplined investment approach. This is only possible by investing through a Systematic Investment Plan. So SIP( systematic investment plan) is an investment tool to invest in different mutual fund schemes through a systematic approach.
What is SIP?
One of the best investment avenues to acquire the said corpus of one crore rupees is to invest in Mutual Fund through SIP(Systematic Investment Plan). This allows you to invest in a disciplined manner with small amounts in regular intervals for a fixed term which is to be decided by you to get the said corpus at the end.
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What is SIP?
What is Mutual Fund?
What is the 15*15*15 Rule?
There is a simple rule to make 1 crore rupees with the help of the 15*15*15 rule. The first 15 stands for the amount of investment in rupees (15,000/- per month), the second 15 represents the term you have to invest in years, and the last 15 is the rate of return, you earn from your investment annually. Here we assume the average rate of return is 15% per annum. There are so many mutual fund schemes that have given more than 15% CAGR return in the long term horizon. For example SBI SmallCap Fund, ABSL FlexiCap Fund Etc.
In this term of 15 years, you will invest 27 lakh rupees which ultimately turns your investment into more than one crore rupees with the help of the power of compounding.
Disclaimer - Investment in mutual fund schemes is subject to market risks, read all scheme-related documents carefully.
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