You might have come across the 15*15*15 Rule in Mutual Funds to create 1 Crore wealth. Let us understand the risks of such marketing gimmicks.
In the finance industry, you will always come across such a rosy picture. One such rosy picture I debunked is about SWP. You can refer to these posts “Systematic Withdrawal Plan SWP – Dangerous concept of Mutual Funds” or “SIP Vs SWP Mutual Funds – Which is better in India?“.
In the finance industry, every story is created to gather the business. Hence, you have to look into the pros and cons of such stories before blindly investing.
BEWARE of 15*15*15 Rule In Mutual Funds to create Rs.1 Crore!!
What is the 15*15*15 Rule in Mutual Funds? The concept is quite straightforward. By investing Rs. 15,000 each month for a duration of 15 years, and assuming a return rate of 15%, you could accumulate Rs. 1 crore after 15 years. This approach appears simple, direct, and feasible. However, it involves a lot of…
