Day: November 25, 2021

Five Reasons Why Investing in Mutual Funds Today will be Beneficial Ten Years Later?
Business

Five Reasons Why Investing in Mutual Funds Today will be Beneficial Ten Years Later?

Mutual funds are a rage in India and for all the right reasons. Mutual funds allow you to invest as per your risk tolerance and investment horizon to gain attractive returns and save on taxes. However, if you are still wondering about the right time to invest in mutual funds, the answer is – NOW! The sooner you start investing in mutual funds, the better are your chances of creating wealth in the long term. Investing today in mutual funds will reap significant benefits for you ten years down the line. Here are five reasons that justify why investing in mutual funds today will be beneficial ten years later: Benefit from the power of compounding: Compounding refers to the phenomenon where you earn returns from your existing returns.Due to the power of compounding, your investme...