compounding

ET Mutual Funds Explains: Want to know how many years will your investment take to double? Use Rule 72

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ET Mutual Funds Explains: Want to know how many years will your investment take to double? Use Rule 72

Rule 72 is a method used to find the number of years an investment will take to double in value. In other words, this method is easy to calculate how long the invested amount will be doubled at a specific rate. This method provides an accurate measurement. It is more helpful when an investor uses … Read more

To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month

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To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month

Retirement is that golden phase of a person’s life where he or she doesn’t have to work for money. They have lesser responsibilities, more time and freedom. This phase of a person’s life can be a beautiful new adventure provided they are financially secured and ready for this transition. Let’s look at our preparedness for … Read more