Financial Planning

Hi .. I am your SIP .. My Full name is Systematic Investment Plan ... I don’t exactly remember how & when was I born nor do I remember who gave me my name but if my memory serves me right it’s been more than 15 years since the time I was born. My father is Equity & Mutual Fund is my mother. You all know my cousin brother quite well I suppose. Born to Govt Securities & Bank, he is much older to me & a favorite of mostly all Indian households.

Power Of Compounding:- “Interest of Interest ” As stated by Mr. Albert Einstein: - “The most powerful force in the universe is compound interest” One of the most basic premises of investing is that your money should multiply manifold over time and this  multiplication of money growing is called as “Power of Compounding” Compounding refers to the re-investment of income at the same rate of return to constantly grow the principle  amount year after year,  This is the most important aspect to build long term wealth.