Magic of compounding: ₹1 lakh investment in this mutual fund at launch would have grown to ₹6 lakh
When you make an investment in a mutual fund scheme, the return grows at a rate faster in the later years than in the earlier years. This happens primarily because of compounding. The compounding is so potent a tool that it is euphemistically known as ‘magic’ by some. From Ben Graham to Warren Buffett, all … Read more