Explained: How the 8-4-3 rule of compounding can help you reach Rs 1 crore sooner
Have you ever wondered how long it takes to build a Rs 1 crore corpus? The answer depends on two key factors—how much you invest and the returns you earn. While the target may seem daunting, disciplined investing and the power of compounding can help you achieve it over time.Let’s explore how compounding can accelerate your wealth growth. Unlike simple interest, which is earned only on the initial investment, compound interest generates returns on both your principal and the accumulated interest, allowing your investments to grow faster over time. Also Read | Technology sector funds dominate J