15x15x15 Rule
in mutual funds. The good thing about this method is that you do not need to invest a huge amount of money once you decide to embark on this journey. You can start with a reasonable fixed amount and then rely on the power of compounding to further accelerate the value of your initial investments. But just any mutual fund will not do the trick. You will need to go deep and choose the right fund to maximize your chances of meeting this goal.
But what exactly is the 15x15x15 rule? Let us help you understand its salient features and how it can help you achieve the crucial 10 million milestone.
Disclaimer:
Useful information for investors: All mutual fund investors need to go through a one-time KYC (Know Your Customer) process. Investors should deal only with registered mutual funds, which are to be verified on SEBI’s website under ‘Intermediaries/Market Infrastructure Institutions’. For redressal of your grievances, you may kindly visit www.scores.gov.in. For more information on KYC, changes in various details and redressal of grievances, visit
mf.nipponindiaim.com/investoreducation/what-to-know-when-investing
This is an investor education and awareness initiative by Nippon India Mutual Fund.
The information provided here is for general reading purposes only and the views expressed constitute opinion only and therefore cannot be construed as guidelines, recommendations or professional guides for readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources considered reliable. Sponsors, investment managers, trustees or any of their directors, employees, affiliates or representatives (“entities and their affiliates”) assume no responsibility, or warrant, for the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretation and investigation. Readers are also advised to seek independent professional advice to arrive at an informed investment decision. Entities and their affiliates, including persons involved in the preparation or release of this material, shall not be liable in any way for direct, indirect, special, incidental, consequential, punitive or exemplary damages, including loss of profit arising from the information contained reason is also included. in this material. Only the Recipient shall be solely responsible for any decision made on the basis of this document.
Mutual fund investments are subject to market risks, read all the documents related to the scheme carefully.