
Power of Compounding: For individuals aiming to build a substantial corpus through disciplined and consistent investments, SIP (Systematic Investment Plan) in mutual funds can be a good option. It is a market-linked investment plan that allows investors to contribute small amounts periodically, rather than making lump-sum investments. Additionally, it allows you to take advantage of the power of compounding, offering the potential for market growth over time.
Let’s take a look at how long it would take to accumulate a retirement corpus of Rs 3 crore with a consistent monthly SIP investment of Rs 7,000, assuming an annual return of
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