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Although the back of the envelope calculations might not be correct to the last decimal they give you a good idea. Here are 5 such rules that you can use for quick estimates when it comes to investments
#rules #investments #ETMONEY
#rules #investments #ETMONEY
We all want our money to double-up in the shortest time. Well, the Rule of 72 tells you when can that happen. All you need to do is take the number 72 and divide it by rate of returns on your investments. The answer will give the number of years it'll take to double your money
For example, let’s suppose you have invested ₹1 lakh and are getting a rate of return of 6 per cent. Now, if you divide the number 72 with 6, you arrive at 12. That means, your ₹1 lakh will become ₹ 2 lakh in 12 years
#ETMONEY has been leading the charge in providing the most seamless MF investing experience. And now after 4 years & 11 million transactions, we wanted to look at how #Indians are investing and what changes have happened in these 4 years. Time for India Investment Report #2020
First up - The tale of States. While Maharashtra sits pretty on top in the list of top contributions by value, Uttar Pradesh, a relatively less obvious state takes second spot. We're proud to have made investing accessible to Indians in every nook & corner of this vast country🙂
In the second part of this tale of states, we analyzed Equity Allocation from each state. And this time it was the smaller states that came on top. That’s because as awareness about #MutualFunds grow, people from states like J&K are latching onto equities🥳
