29 Dec 2022
An extension of Rule of 72, the Rule of 144 estimates how long it takes to quadruple your investment if you can estimate the annual rate of return.
144 ÷ Estimated rate of return = Years for Investment to Quadruple
Estimated rate of return
No of Years
- 8% | 144 ÷ 8 | 18 Years
- 10% | 144 ÷ 10 | 14 Years
- 12% | 144 ÷ 12 | 12 Years
- 15%| 144 ÷ 15 | 10 Years
Illustration:
| AMOUNT INVESTED | ESTIMATED RATE OF RETURN | YEARS ~ TO QUADRUPLE | FUTURE VALUE |
|---|---|---|---|
| `10,00,000 | 8% | 18 | 39,96,020 |
| `10,00,000 | 10% | 14 | 37,97,499 |
| `10,00,000 | 12% | 12 | 38,95,976 |
| `10,00,000 | 15% | 10 | 40,45,558 |
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. The information provided is generic in nature and is for informational purpose only. Please consult your financial advisor before taking any decision.
Read more
-
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circ*mstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
Leave a Comment
Thanks for submitting your details.
