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Explained: Want to know how long your investment will take to triple? Use Rule 114
Rule 114 helps investors estimate how long mutual fund investments may take to triple based on expected annual returns. Dividing 114 by the return rate gives the approximate timeframe, supporting…
- Rule 114 divides 114 by annual rate of return to estimate tripling time
- Rs 1 lakh at 10% annual return triples in ~11.4 years
- To triple in 6 years, need 19% annual return