Early start is the Best investment

 

An early start is the best investment strategy

If you start your investments as early as possible, you will be in for a pleasant surprise.

Thanks to compound interest, 

Person A investing just INR 1000 a month for retirement for a period of 30 years at an interest rate of 12 per cent per annum amasses the neat sum of around INR 35 lakh.

Person B investing INR 12,000 a month for a period of 10 years at the same interest rate ends up with just INR 27 lakh.

Not only does person B invest a total sum that is significantly higher than what person A invested, but he also ends up with a final sum that is 23% less than what person A ends up with.

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