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How does an SIP grow? The power of compounding is real when it comes to SIP. Each monthly investment buys mutual fund units at prevailing prices (that is, more units when markets are down and fewer when they are up) and brings down the average cost over time. In the initial years, gains appear limited because the investment base is small, but as contributions accumulate and returns get reinvested, growth accelerates sharply. Over a 10–20 year horizon, returns generated on early investments form a major share of the final SIP corpus.
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CNBC TV18•06-02-2026, 18:39

Mitsubishi Electric India Invests ₹2,100 Crore in New Chennai Facility

  • •Mitsubishi Electric India inaugurated its new air-conditioner and compressor manufacturing facility in Gummudipoondi, Chennai.
  • •The facility, located at Mahindra Origins, involved an investment of ₹2,100 crore and was virtually inaugurated by Tamil Nadu CM MK Stalin.
  • •Spread over 210,000 square metres, the plant has an annual capacity of 300,000 AC units and 650,000 compressor units.
  • •It will create over 2,100 direct and indirect jobs, strengthening the regional supplier ecosystem and increasing localization.
  • •This investment aims to reduce import dependence, support a self-reliant HVAC ecosystem, and position India as a core hub for Mitsubishi Electric’s global AC business.
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