๐ก Power of Compounding: At โน5,000/month for 10 years at 12%, your money doubles through returns alone!
What is a SIP?
A Systematic Investment Plan (SIP) lets you invest a fixed amount in a mutual fund every month โ like an EMI for wealth creation. SIPs use Rupee Cost Averaging to reduce market timing risk and Compounding to multiply your returns exponentially over time.
SIP Formula: M = P ร [{(1 + r)โฟ โ 1} / r] ร (1 + r)
Where M = maturity amount, P = monthly SIP, r = monthly rate, n = total months
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