RE:Please explain !!!!!!!!!!
by Sandeep Singh on Apr 28, 2007 07:27 PM
no, your 1st 50 Rs gets interest for 11 months compounded; ur 2nd 50 Rs get interest for 10 months compounded and so on... also of ur 50 Rs, 2.25%, i.e. 1.25 Rs is deducted as adminstrative charges. so ur investment is taken as Rs 48.75, not 50. the interest rate has not been stated in this decription. SIP ensures a saving discipline, also it fetches an even-out interest gain if put in equity. - sandeep, aaseha@yahoo.com
