When it comes to disciplined saving, both Systematic Investment Plans (SIPs) and Recurring Deposits (RDs) are popular choices. But when the goal is long-term wealth creation, the difference between these two options becomes significant. Let's explore how SIPs and RDs stack up, considering factors like returns, the power of compounding, informed risk, and tax efficiency. 1. The power of compounding over time According to Harsh Gahlaut, CEO co-founder at FinEdge, compounding is often called t
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