Profit on profit formula! Power of Compounding will earn double

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Investing in investment tools that give the benefit of Compound Interest can be a great investment strategy for you. The sooner the investment is made, the bigger the fund will be.

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If you want to earn money from compounding interest and create wealth for the long term, then you should plan carefully and give it time.

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Let us know what is compound interest and what are the investment schemes for you, which will give you the benefit of compound interest.

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What is compound interest, how is it beneficial?

The amount of any investment is called principal amount or principal amount, you get interest on this principal amount, this is your return. But when interest is earned on this interest, it is called compound interest.

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1. Fixed Deposit

FD is one of the safest investment schemes. You invest once, and you get guaranteed returns. The sooner you invest the money, the higher the return on maturity. The total annual interest is up to 10,000. so it is tax exempt

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3. National Pension Scheme

NPS is also a popular scheme when it comes to long term wealth creation and retirement funds. In which your money is invested in government bonds, debentures and shares. You can also choose the amount of investment in it according to your convenience.

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4. Debt Mutual Funds

In this, your money is invested in a fixed income securities. These include Treasury Bills, Commercial Paper, Corporate Bonds and Certificate of Deposits. The risk level is slightly less in these. Investment period too

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5. Equity Mutual Funds

MFs invest money in stocks of listed companies. This investment gives you more returns than FD and debt funds. Although, obviously the risk is also high in this... but it is excellent for portfolio diversification and earning high returns.

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