Many investors keep waiting for the markets to come down and a lot of times, markets move in just the opposite direction leaving such investors with no option but to keep their money idle or to invest at even higher levels.
Concept
Just like a Post office Monthly Recurring Deposit Scheme you pay for 5 years monthly certain amount and get back after 5 year your deposit amount and 8% interest on your investment. If your invested monthly 1000 in Post office RD scheme after maturity (5) you get 78 to 79 thousand .
A monthly SIP of Rs 1000 would grow to Rs 21.84 lakh in 15 years
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