Have you ever dreamt of becoming a Crorepati (someone with a crore rupees)? It might seem like a distant goal but with smart planning and disciplined investing, it can be closer than you think! At Swaraj Finpro we're dedicated to helping you achieve your financial goals. Today we're introducing you to a powerful tool: the 15-15-15 rule.
What is the 15-15-15 rule?
The 15-15-15 rule is a simple yet effective approach to wealth creation. Here's how it works:
Invest 15% of your income: Start by allocating 15% of your monthly income towards investments. This might seem like a big chunk but remember consistency is key.
Invest for 15 years: Time is your greatest ally in the world of investing. By staying invested for a long period you allow your money to grow through the power of compounding.
Target a 15% return: While past performance is not a guarantee of future results aiming for a 15% annual return can help you reach your Crorepati goal faster.
Let's see this in action. Imagine you start investing Rs. 15,000 every month (15% of a Rs., 1,00,000 salary) and aim for a 15% annual return. Using a SIP (Systematic Investment Plan) calculator you can expect to accumulate over Rs. 1 crore in approximately 20 years!
But where to invest?
Choosing the right investment avenue is crucial. Equity Mutual Funds offer the potential for high returns making them a great fit for the 15-15-15 rule. However, with so many options available, selecting the right funds can be a challenge.
Here's where Swaraj Finpro can help! Our expert advisors can suggest funds that align with your risk appetite and investment goals. We can also provide guidance on asset allocation, diversification, and rebalancing your portfolio to maximize returns while managing risk.
Need some inspiration?
You can start investing with Flexicap or Multicap funds as these funds are relatively less risky than smallcap or sectoral funds. We have listed top mutual funds based on their 2 year, 3 year, and 5 year performance. This is a great starting point but remember past performance is not indicative of future results.
Flexicap funds
| Scheme Name | 2 Yr Returns (%) | 3 Yr Returns (%) | 5 Yr Returns (%) |
|---|---|---|---|
| Flexi-cap funds | |||
| Quant Flexi Cap Fund | 42.40 | 27.05 | 33.46 |
| JM Flexi cap, Fund | 47.69 | 32.95 | 27.60 |
| Parag Parikh Flexi Cap Fund | 30.70 | 20.93 | 25.24 |
| Franklin India Flexi Cap Fund | 33.76 | 23.59 | 22.60 |
| HDFC Flexi Cap Fund | 36.76 | 27.62 | 22.17 |
| Multi-cap funds | |||
| Quant Active Fund | 36.53 | 25.19 | 31.33 |
| Mahindra Manulife Multi Cap Fund | 36.08 | 24.50 | 26.52 |
| Nippon India Multi Cap Fund | 42.52 | 32.08 | 24.45 |
| Baroda BNP Paribas Multi Cap Fund | 35.60 | 23.99 | 23.92 |
| Invesco India Multicap Fund | 33.72 | 19.80 | 22.62 |
At Swaraj Finpro, we believe that everyone has the potential to become a Crorepati. With the 15-15-15 rule and our expert guidance you can be well on your way to achieving financial freedom. Just like our blog on investing Rs. 10,000 per month [link to How to Invest Rs 10000, per month in India blog] we're committed to providing you with the tools and knowledge you need to succeed.
Remember, the sooner you start the more time your money has to grow. So, don't delay! Contact Swaraj Finpro today and take the first step towards becoming a Crorepati!
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