Power of Compounding: How quickly can you generate Rs 7,00,00,000 corpus with just Rs 9,000 monthly investment?

Power of Compounding: How quickly can you generate Rs 7,00,00,000 corpus with just Rs 9,000 monthly investment?

Here’s an example to help you figure out how you can benefit from compounding by starting early and staying consistent. Suppose two friends, Jyoti and Shikha, start investing. Jyoti started investing Rs 5,000/month at age 25 and continued till age 45 (20 years). Total Investment: Rs 12,00,000Maturity Amount (at 12 per cent annual return): Estimated Rs…

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