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Mutual fund investors always want to know how many years it will take to double, triple or quadruple their investments. The last rule in the list is Rule 144 which tells how many years your investments will take to quadruple.This rule is double of Rule 72, that is, two multiplied by Rule 72 is equal to Rule 144.Rule 72 requires one to divide 72 by the rate of interest at which one is investing. This will give the number of years that an invested amount will take to double. The rule is mainly for the investors who stay invested for a long-term period. Suppose an investor wanted to invest Rs 1 lakh with an interest rate of 6%, then the money invested will grow to Rs 4 lakh in 24 years. So to check the number of years, just divide 144 by the interest rate of the product.Also Read | Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'If an investor is investing Rs 1 lakh with an expected rate of return of 10% per annum, thenRule 144 = 144/ rate of return =144/10 = 14.4 yearsThis indicates that the investment will take 14.4 years to quadruple or become Rs 4 lakh at an interest rate of 10%.The below table helps an investor in determining how many years it will take to quadruple their investments. 110815570Suppose an investor wants the investment to quadruple in 6 years, thenThe rate of return = 144/time period =144/6 = 24%This shows that to quadruple your investment in 6 years, the rate of return has to be 24%.Also Read | Thematic MFs offer up to 14% return in May. Have you invested in any?The below table shows what rate of return you will earn at different time periods. 110815636This rule applies to investors who stay invested for a longer horizon in order to watch their money grow four times.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle.

Buoyed by rate cut expectations after the Bank of Canada and the European Central Bank (ECB) cut rates earlier this week, spot gold rose to $2,387 on Friday, the highest level since May 22. However, the metal crashed on a robust US nonfarm payroll report. Spot gold closed with a loss of 3.49% at $2,294 on Friday. It fell nearly 1.40% in the week.Dollar Index and yieldsThe Dollar Index has been weakening on rising Fed rate cut expectations and healthy risk appetite. However, a solid US nonfarm payroll report saw the Index surging on Friday as it closed with a gain of 0.70% at 104.93 on Friday and a weekly gain of 0.25%. The 10-year US yields tested 4.271% on Friday, the lowest level since April 1. However, the strong job report led to a sharp decline in the US bonds on Friday. The ten-year US yields closed with a gain of 3.28% at 4.43%, though the yields were still down nearly 1.75% on the week. The 10-year yields may test the resistance at 4.50% in near term, which will be bearish for the yellow metal. The 2-year US yields surged over 3% on Friday to close at 4.89%.Data and events round-upBank of Canada and the European Central Bank (ECB) cut rates on Wednesday and Thursday respectively. The ECB has however not given any clear guidance for further rate cuts; it is likely to proceed on a case-to-case basis.US data released in the week ending June 7 showed that the US economy is still doing reasonably well. ISM manufacturing data (May) at 48.70 came in below the forecast of 49.50, though the ISM employment Index soared back into expansion zone. JOLTs job openings (April) at 8,059K fell short of the forecast of 8,350K, and so did the durable goods orders (April final). However, the ISM services Index (May) at 53.80 was well-above the forecast of 51. The US nonfarm payrolls showed that the US employers added 272K jobs in May vs the forecast of 180K, which defied the weaker than expected ADP report. Although the unemployment rate at 4% was above the forecast and the prior figure of 3.90%, average hourly earnings rose 0.4% m-o-m and 4% y-o-y, which topped the respective forecasts of 0.30% and 3.90%.Fed rate cut betsAfter a solid nonfarm payroll report, traders have shifted their rate cut expectations from July to September.Data and events next weekThe major US data on tap next week include CPI (May), PPI (May), University of Michigan, sentiment (May) and inflation expectations. The US Federal Reserve will deliver its monetary policy decision on Wednesday. As such, no change in the Fed fund rate is expected. Market participants will be looking for clues to rate cuts, especially as some of the major central banks have cut rates and some of the US data have been weak. China's PPI and CPI will also be closely watched for gauging the strength of the Chinese economy. Out of Europe, the UK's April job report and monthly GDP (April), and Germany's CPI (May final) will be of particular interest to traders.China's Central Bank pauses gold buyingData showed that the China's Central Bank did not buy any gold last month, thus breaking its 18-month long spree of continuous buying. In April, the PBoC bought only 60K ounces of gold as compared with 160K ounces in March and 390K ounces in February. In addition, China's gold imports in April were down around 30% from March level. It appears that Chinese gold buying slowdown is more about high prices rather than anything else. So, in all probability, it may resume gold buying as prices fall. Nonetheless, this pause, for now, is a bearish development for the metal.ETFTotal known Global gold ETF holdings stood at 81.034 Moz as on June 6, which is a six-week high level on a weekly basis.Weekly outlookSpot gold is expected to trade with a bearish bias on rising yields and China's gold buying pause. The metal may test the key support at $2,277 in near-term, though some short covering is possible ahead of the US FOMC monetary policy decision and the CPI data. The next major support is at $2,250. Resistance is at $2,315/$2,330. It is expected that investors will continue to buy the dips for medium to long term positions as fundamentals remain constructive. The rate cut has been delayed, not cancelled. Moreover, central banks continue to buy gold at a healthy pace. Chinese Central Bank buying is expected to return sooner than later as prices are significantly down from the cycle high of $2,450. Rise in the US unemployment rate and other central banks cutting rates are also positive for the metal.(The author is Associate Vice President, Fundamental Currencies and Commodities at Sharekhan by BNP Paribas)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

TVS Motor Company has recalled a select set of iQube electric two-wheeler units. As per the two wheeler maker, the units were manufactured between July 10, 2023 and September 9, 2023.In a statement, TVS also revealed why it has recalled the EV units.According to the statement, TVS is recalling iQuibe units for a "proactive inspection". The company said it will inspect the bridge tube of units to ensure that the vehicle's ride handling is good over extended usage.The company will also carry out any rectification, if required, on affected scooters at zero cost to the customer, it added.The company or its dealer partners will individually contact customers, TVS Motor said.Last month, TVS launched a new version of iQube at Rs 94,999. In total, the TVS iQube now comes in three models - iQube, iQube S, and iQube ST.In total there are five iterations - TVS iQube 2.2kWh, TVS iQube S 3.4 kWh, TVS iQube ST 3.4 kWh, TVS iQube 3.4 kWh, and TVS iQube 5.1 kWh ST.The iQube 2.2kWh offers 75 km range with top speed of 75 km/h while the 3.4 kWh battery model promises 100 km range and top speed of 78 km/h. The top model with 5.1 kWh battery offers 150 km range with top speed of 82 km/h.The 5.1kWh battery variant, which is also the biggest battery in the capacity, starts at Rs 1.85 lakh (Bengaluru ex-showroom). It comes with a 950W charger which takes 4 hours 18 minutes to charge (0-80%) and gives a range of 150 kilometres.The 3.4kWh battery variant will cost Rs 1.56 lakh (Bengaluru ex-showroom) and comes with a 950W charger. The fastest charge time is 2 hours 50 minutes (0-80%) and a range of 100 km. It has a 7-inch full-colour TFT touchscreen, voice Assist and Alexa skill set for iQube, tyre pressure monitoring system (TPMS), digital document storage, 32 litres under seat storage space, and a top speed of 78 kmph.

In recent years, investors bullish on Indian equities have cited the promise of policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers.Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors want to see evidence that Modi can sustain his reforms with the same vigor, while keeping alliance partners happy and avoiding populist measures to regain public support.Policy continuity is now emerging as a crucial factor for global money managers weighing investments in the world’s fifth-largest stock market. Next month’s budget will be the new government’s first test, as fiscal discipline has been a hallmark of Modi’s decade in power. “People are still in a wait-and-see mode until we see what policies are likely to come up, how are they are going to fund them and what’s the give and take the coalition has to make,” said Rahul Ghosh, an equity portfolio specialist at T. Rowe Price in Singapore. “We’re evaluating our India positioning and considering whether we should add more.”Skepticism from foreign investors is evident. They sold more than $2 billion of local shares on a net basis on Tuesday and Wednesday, even as buying by local funds and retail investors helped the benchmark NSE Nifty 50 Index climb to a new record Friday, recouping losses spurred by the stunning election result.110812769Modi’s 10 years in office have ensured political stability and policy continuity, making India a preferred investment destination for global funds despite its expensive valuations. During this period, India’s equity market has grown over 250% and is now nearing $5 trillion in value. However, a forward price-to-earnings ratio of about 23 times for the MSCI India Index makes the market one of the most expensive globally. This leaves little room for disappointment when investor optimism toward beaten-down Chinese equities is returning. The Indian gauge trades at a premium of more than 80% to the MSCI Emerging Markets Index and 130% to the MSCI China Index.A key risk is the potential slowdown in policy-making under a coalition government. Modi may need to make concessions to alliance partners, such as offering them key cabinet positions, to maintain their support. “I’ll adjust my playbook depending on growth assumptions, which will be dependent on certainty of policy,” said Niraj Bhagwat, equity portfolio manager at Wellington Management in Singapore. “Markets will keenly watch certain key ministries such as finance or roads and highways, and whether there are credible faces heading them.”A reduced mandate has also sparked a debate among investors that Modi may announce populist measures, likely shifting focus away from upgrading infrastructure, which has been a top priority. 110812771For some global funds, any weakness in Indian stocks presents a buying opportunity in what they view as one of the world’s most-promising economies, driven by a rising middle class and strong demographics.Just days before the election result, S&P Global Ratings signaled a possible upgrade to India’s sovereign credit rating, citing stronger fundamentals. Economic growth topped 8% in the fiscal year that ended in March, beating estimates, official data showed two days later.Historically, Indian stocks have performed well under coalition governments. The MSCI India Index surged more than 180% during the 2004-2014 period — more than twice the MSCI World Index — when a Congress-led alliance ruled the nation.“There can be a slowdown in policy making and potentially more populist policies, but we do believe that the BJP’s pro-growth, investor-friendly agenda will continue,” said Ashish Chugh, a portfolio manager at Loomis, Sayles & Co., an affiliate of Natixis Investment Managers. “India has many structural growth drivers that will continue to play out.”However, some investors are becoming defensive and more selective as they await proof that growth-focused policies will remain in place.“There was a perception of zero risk earlier, which is now gone,” Sailesh Raj Bhan, a fund manager at Nippon Life India Asset Management Ltd. in Mumbai. “Now the approach must be about buying good businesses at sensible prices.”