Invest Rs 1.5 lakh every year, be consistent and let compounding work. (Image Source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Your annual investments play a big role in increasing your long-term wealth. One of the best ways to do that is by utilising the Rs 1.5 lakh annual limit available under Section 80C.

Many people only think of saving on income tax, but with the power of compounding, combined with consistent investing, this amount can grow to over Rs 30 lakh in 15 years.

SIPs And The Power Of Compounding

Compounding is the simple idea that your money earns returns, and those returns continue to earn more over time. This snowball effect becomes especially powerful when you invest regularly. In a SIP, every monthly contribution is reinvested, allowing

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