News From Press Power of Compounding: How Rs 500 SIP in this mutual fund has turned into Rs 1.15 crore in 28 years

Power of Compounding: How Rs 500 SIP in this mutual fund has turned into Rs 1.15 crore in 28 years

Source: Zeebiz May 24, 2024

If someone says that a Rs 500 monthly SIP in a mutual fund with a 12 per cent annualised return will give you a Rs 60,000 return, it will hardly generate curiosity as your investment during the period will also be Rs 60,000.

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