Thu, Nov 14, 2024
The Rule of 72 is a simple yet powerful formula that helps estimate how long it will take to double your investment. If you aim to grow Rs 5 lakh into Rs 10 lakh, this rule offers a quick calculation based on interest rates, revealing the potential of compound interest. By dividing 72 by the interest rate, you can determine your doubling time, making it easier to set financial targets and make smarter investment choices. You can plan your wealth growth with this essential tool.
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Mon, Oct 07, 2024
If you are investing a fixed amount through SIP, you may want to raise your SIP outgo as your monthly income rises over time. It will help you increase your corpus too and show the power of compounding.
Sat, Sep 28, 2024
SIPs allow you to invest a certain amount at regular periods, which can help you create the habit of saving and investing frequently.
Tue, Sep 03, 2024
Systematic Investment Plans (SIPs) in mutual funds have gained significant popularity in India in recent years. This is mainly because investors can start SIPs with a small amount, and can create wealth for long-term goals, rupee-cost averaging, and disciplined investing.
Fri, Aug 30, 2024
SIP, or systematic investment plan, is a disciplined approach to mutual fund investing that involves investing a certain amount of money every month. SIPs are a wonderful alternative for investors who wish to save for retirement, build wealth, or support schooling.
Fri, Mar 29, 2024
Compounding is the interest on interest, which means you get interest not only on the principal amount, but on the overall value. Some of the investment options that provide compounding interest/returns are Employee Provident Fund (EPF), Public Provident Fund (PPF), mutual funds, fixed deposits and life insurance plans.
Thu, Aug 24, 2023
Wealth Creation: If you want to become a millionaire, it is very important to understand the 'power of compounding', know which schemes give the benefit of compounding interest? How to make profit from quick investment? Watch today in Money Guru
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