Mutual fund calculator: Mutual funds funding are topic to market threat but when an investor has a long-term time horizon, then one’s threat issue will get minimised whereas mutual fund return will get maximised. There are varied mutual fund guidelines that an investor wants to recollect whereas investing and 15 X 15 X 15 rule of mutual funds are one among them.
This mutual funds SIP (Systematic Investment Plan) rule says that if an investor invests ₹15,000 per 30 days for 15 years, one can anticipate to get ₹1 crore maturity quantity because the funding would yield round 15 per cent every year.
Speaking on how mutual fund return calculator works on this 15 X 15 X 15 rule of mutual funds; Amit Gupta, MD at SAG Infotech mentioned, “A very impressive rule of 15 X 15 X 15 is there in the mutual fund SIP plan, which has capability to turn a person crorepati. The rule is 15,000 monthly SIP at 15 per cent annual return in 15 years for getting a corpus of more than ₹1 crore. If by going with 15 per cent annual returns, there is a total estimated returns up to ₹74,52,946 upon invested amount of ₹27,00,000. As by compounding the overall amount for the tenure of 15 years, the resulting corpus is around ₹1,01,52,946 which makes a outcome of above 1 crore for the individual. This is rather attractive as viewed from the angle of consistent investment.”
View Full ImageSource: Mutual fund calculator SBI
Asked concerning the mutual fund SIP plans that may yield 15 per cent return in 15 years; Vinit Khandare, CEO & Founder at MyFundBazaar India Private Limited mentioned, “Depending upon the risk appetite of the investor, he or she can choose small-cap, mid-cap or large-cap fund.”
Vinit Khandare of MyFundBazaar listed out the next mutual fund SIP plans which will maintain properly for 15 X 15 X 15 rule of mutual funds:
Small-cap Fund: SBI Small Cap Fund – Regular Growth; CAGR – 20.66 per cent.
Mid-cap Fund: Aditya Birla Sun Life Mid Fund – Plan – Growth Regular Plan; CAGR – 15.26 per cent.
Large-cap Fund: HDFC Top 100 Fund – Regular Plan – Growth; CAGR – 15.38 per cent.
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