Mukhya Mantri Ladli Behna Yojana: How does compounding turn a small monthly investment into a decent corpus?
A minimal investment of ₹1000 every month can help one accumulate a decent corpus over a period, provided the investment is continued for a prolonged period. Beyond the investment amount and interest rate, it is the investment tenure that matters most when gaining from the compounding effect.
Source: livemint.com