How much time will it take for your investment of Rs 5,00,000 to turn into Rs 15,00,000?
Zee Business Video Team | Updated: November 18, 2024 04:51 PM IST
Power of Compounding: Compounding is a powerful wealth-building tool, especially when combined with disciplined, consistent investments. By contributing a portion of your monthly income, adjusted annually, you can create a substantial retirement fund by age 50. The Rule of 114 provides a quick calculation to estimate how long it will take your money to triple based on the expected rate of return. Whether your income is Rs 25,000, Rs 40,000, or Rs 50,000, harness the compounding effect to achieve financial security and a comfortable retirement.
