Becoming a crorepati can be a dream well within reach if you have the discipline to invest and let your money grow through the power of compounding. Not only that, but it also becomes crucial to invest from a long-term perspective. Once you align your thinking along those lines, the one method that will help boost your chances of attaining a corpus of Rs 1 crore is thoroughly researching and following the 15x15x15 rule in mutual funds. The good thing about this method is that you don’t have to invest a big amount once you decide to embark on this journey. You can start with a reasonable fixed amount and then rely on the power of compounding to accelerate the value of your initial investments further. But not just any mutual fund will do the trick. You will need to delve deeper and choose the right funds to maximise your chances of meeting this target.
But what exactly is the 15x15x15 rule? Let us help you understand its salient features and how it can help you achieve that important 1 crore milestone.
Helpful information for investors: All Mutual Fund investors have to go through a one-time KYC (know your Customer) process. Investors should deal only with registered mutual funds, to be verified on SEBI website under ‘Intermediaries/ Market Infrastructure Institutions’. For redressal of your complaints, you may please visit www.scores.gov.in . For more info on KYC, change in various details & redressal of complaints, visit mf.nipponindiaim.com/investoreducation/what-to-know-when-investing This is an investor education and awareness initiative by Nippon India Mutual Fund.
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