What is the 15X15X15 rule to become crorepati via mutual fund SIPs?
In simple words, the 15X15X15 rule revolves around three factors -- the investment value, the tenure, and expectant returns. And to put this rule in action, the Systematic Investment Plan (SIP) is seen as the best mechanism.
'Money attracts Money' is one of those common sayings when it comes to investing in mutual funds. Everyone would like to make hefty money, if possible, even become a crorepati in India. MFs do have the potential to make an investor a crorepati. But just like every other market-related instrument, MFs too are subject to risks and have their moments of ups and downs. However, the real trick is when returns are fetched on a long-term basis. In this case, the 15X15X15 rule is the best method to build a corpus of around ₹1 crore.