For the sake of simplicity, one can understand compounding in SIPs as 'return on return', wherein initial returns get added up to the principal to boost future returns, and so on. Compounding helps in ...
Power of compounding in SIP: Because of compound interest, your money can grow multiple times over some time. This is calculated on the principal and the interest accumulated over the previous period.
A Systematic Investment Plan (SIP) is a popular way to invest in mutual funds, as it allows investors to utilise their surplus funds gradually in their chosen equity-related mutual fund scheme. This ...
Systematic Investment Plans (SIP) have become a popular way for investors, particularly beginners, to start their wealth-building journey. SIP allows individuals to invest a fixed amount regularly in ...
If you want to create a fund of Rs 10 crore for retirement, then the most important thing is to invest at the right time and regularly. One such good way is the Systematic Investment Plan of Mutual ...