Rs.25 lacs would become Rs.3 crores in next 15 years at 18% Annualised Return..!

Anyone would be surprised to know that, at 18% annualised return, Rs.25 lakhs would become Rs.3 crores in next 15 years.

To achieve this 18%, all you need to do is to choose 5 good equity mutual funds and invest equally in them Rs.5 lac each.

The Five schemes are

1. Birla Sunlife Frontline Equity Fund.

2. Franklin India Prima Plus

3. L & T Equity fund

4. HDFC Mid cap Opportunities

5. ICICI Pru Value Discovery Fund and

If you wonder whether equity mutual funds would give you 18% returns, please note that SENSEX itself has provided about 18% returns over past four decades.

As per a CRISIL study published last year, equity mutual funds as a category has given 23% returns over past 2 decades.

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