SIPs are no doubt the best way to invest in Mutual Funds, but before making your first investment knowing the tax implication is also important. So, the longer you remain invested, the better returns you will get with the power of compounding. So, basically, the money invested works harder for you to grow your investment corpus and help you meet your financial goal.Įxpert tip: Compounding works exponentially over time. Simply put, its return on returns + principal or 'earning income on the income'. This is where the power of compounding comes to play! It refers to the process of 'reinvestment of returns' the same at the same rate in order to grow the principal amount year after year.
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