Turn Rs. 200 Daily into Rs. 20 Lakhs: The Power of Compound Interest

• Investing just Rs. 200 daily can accumulate Rs. 20 lakhs over time through compound interest.
• Discipline and consistent investment are more crucial than large initial capital for wealth creation.
• A daily investment of Rs. 200 (Rs. 6,000 monthly) can reach Rs. 20 lakhs in about 12 years and 2 months with a 12% annual return.
• SIPs, traditionally for mutual funds, now extend to Indian and US stocks, offering global investment opportunities.
• Diversification across domestic and international funds is key to balancing risk and maximizing returns.

Key Questions Answered

How can daily SIPs help achieve financial goals faster?

Daily SIPs can help achieve financial goals faster through consistent investment and the power of compounding.

What are the risks of investing in international stocks?

Investing in international stocks carries risks such as unfamiliar legal systems and currency fluctuations.