It’s a big dream for a lot of people in India to be able to save Rs 1 Crore. The 15x15x15 rule will make you realize that it’s possible for you to achieve this goal.
If you invest Rs 15k per month in an equity mutual fund for 15 years which earns average 15% compounded annual returns, you are able to accumulate Rs 1 Crore. It’s as simple as that.
Now for the 15x15x30 rule. If you invest Rs.15,000 SIP per month for 30 years (instead of 15 years as earlier), at a 15% compounded annual return, you will be able to accumulate 10 crores (against 1 crore if you invest for 15 years). The total investment amount here is only 54 lakhs for the 10 crores in returns you made.
Read the article Stock Markets are Stable in the long term, you will realize it’s very much possible for you to achieve 15% returns over the long term.