Do u know the 15 X 15 X 15 rule of mutual funds?
Well, it simply says that if one does a INR 15,000 SIP per month for 15 years which earns average 15% compounded annual returns, You are able to accumulate INR 1 CRORE (against total investment of INR 27 lakhs )
Now, read this one. The 15 X 15 X 30 rule of mutual funds? If you do a 15,000 SIP per month for 30 years (instead of 15 years as earlier), at a 15% compounded annual return, You will be able to accumulate 10 crores (against 1 crore if you invest for 15 years).
This shows that time, and not timing is important for Wealth Creation.
So stay invested and Happy Investing…..