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What is the 15*15*15 rule in mutual fund?
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One of the most often discussed rule in Mutual Funds is 15*15*15 Rule, the rule in simple terms is that if one does a Systematic Investment Plan SIP of Rs 15000 per month in a mutual fund for 15 years which earns average 15% compounded annual returns, then You are able to accumulate Rs 1 Crore.
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Answer:
One of the most often discussed rule in Mutual Funds is 15*15*15 Rule, the rule in simple terms is that if one does a Systematic Investment Plan SIP of Rs 15000 per month in a mutual fund for 15 years which earns average 15% compounded annual returns, then You are able to accumulate Rs 1 Crore.
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