Know The 15*15*15 Rule=1 Crore If you do 1% better is se fark padta hai.How can we do improve our self and neighborhood.Boond boond se sagar bharta hai.
If you are an investor who is looking to accumulate Rs 1 crore, then you can do so by following the 15*15*15 rule. We have covered the following in this article: The 15*15*15 rule says that one can amass a crore by investing only Rs 15,000 a month for a duration of 15 years in a stock that offers 15% returns per annum. It is purely an effect of compounding. Before we proceed to understand 15*15*15 rule, let’s first understand compounding. What is Compounding? Compounding is a phenomenon which makes small amounts invested on a regular basis grow to a significant sum over time. This is possible as the interest earned in the previous compounding period will, in turn, earn interest in the next compounding period. Therefore, compounding is the backbone of mutual fund investments and can take people from rags to riches over time. One can take maximum advantage of compounding by starting to invest in mutual funds at the earliest. This is the primary theory behind compounding. Power of C...