Compound interest or compounding means the interest earned added to basic principal, the interest that keeps getting added to it. It essentially means reinvesting the earnings you get from your initial invested amount instead of withdrawing the interest immediately. let’s say, you have invested Rs. 10000. Suppose you’re getting 12% interest for a year. If you invest on January 1, ...
Everyone wants to become rich and enjoy financial independence . But we are not clear about the way to reach the crorepati club. Monthly investment of 30,000 rupees for 10 years in mutual fund SIP would place you in crorepati club. Let us discuss how to invest the 30,000 rupees in SIP investment. Diversify the investment by investing in multi-cap, ...