n NISM Certifications
NSM General NISM
Medium

What is the "Rule of 15" in mutual fund investing as per the session?

Practice question from C3-Test Your Knowledge — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Investing Rs. 15,000 a year becomes Rs. 1 crore in 15 years

  2. Investing Rs. 15,000 per month at 15% for 15 years can build a corpus of Rs. 1 crore

    Correct answer

  3. C

    Adding 15 new clients each year ensures business growth

  4. D

    Meeting 15 clients every week guarantees 15 crore AUM

Why this is the answer

Consistently investing Rs. 15,000 monthly through SIP, with 15% annual returns over 15 years, results in significant corpus growth due to compounding.

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