COMPOUNDING IS 8th Wonder*
*The 15-15-15 rule in #Investing #MutualFunds means*
If you invest Rs.15000/- per month for 15 Years and get 15% returns (The effective Rate will be a bit higher)...
You will have Rs.1 Cr at the end of 180 months (15 Yrs)
*"Meaning you will accumulate 1 Cr in 180 months*
*If you continue your 15k SIP* you will have Rs.2 Cr after *231*months, meaning 1st One Crore in 180 months and 2nd One Crore in just 51 months...
*The 3rd Crore will get added in 31 months*
The 4th will get added in mere 22 months
*The 5th Crore will come in a flash, just 18 months*
*This is called the power of compounding!*
for mutual fund sip and NFO 8667004439
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