Chartered Accountant Debunks 10% Return Myth for SIP Investors

Imagine you want to grow your money by putting a little bit in every month, like watering a plant a small amount each day.

Some people think that if your money grows by 10% each year, it will double really fast.

But a financial expert named Nitin Kaushik says this isn't quite true for money put in bit by bit every month (called SIPs).

He explains that because you're adding money slowly, it takes almost 25 years for the extra money you earned to be more than all the money you put in.

If you had put all your money in at once, it would only take about 7 years to reach that point.

He reminds us that it takes a long time and being patient for your money to grow a lot through compounding.

Real-life costs like taxes and fees also make it grow a bit slower.

So, if your investments aren't growing super fast right now, it's okay because you're building a strong base for the future.