Mutual fund calculator: ₹10,000 monthly SIP can make you a crorepati. Here's how
Mutual fund calculator: Well know author Shiv Khera has written in his book 'You Can Win' that 'winners don't do different things but they do things differently. This quote holds well for equity mutual fund investors as well.
With a simple pun in normal investment strategy an investor can become a crorepati in 15 years saving ₹10,000 per month in mutual funds SIP (Systematic Investment Plan). Speaking on how to become a crorepati at fastest rate through mutual fund investments, Pankaj Mathpal, Founder & CEO at Optima Money Managers said, "15 x 15 x 15 rule of mutual funds say that an investor can accumulate ₹1 crore by investing ₹15,000 per month for 15 years." He said that the rule says that an equity mutual fund investor can expect to get at least 15 per cent return on one's money if its time horizon is 15 years or more.
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