Importance of Start Saving Early

Below table will explain you the importance of one who stat saving earliest to create wealth through HDFC Equity Fund.

                                       
                                                      HDFC Equity  Fund

Monthly SIP    amount	Years of SIP	Total Investment	Current Value (as on Dec 2014)	CAGR	Investment multiplied by
10,000	20 Years	24 Lakhs	5 Crore	22.98%	20.8 times
10,000	15 Years	18 Lakhs	1.47 Crore	22.44%	8.1 times
10,000	10 Years	12 Lakhs	32.64 Lakhs	17.53%	2.7 times
10,000	5 Years	6 Lakhs	9.94 Lakhs	18.61%	1.6 times

                                        

           Many of us didn’t start saving meaningful amounts before retirement, that limits the power of compounding.Start Saving as early as possible rather than waiting  to create wealth in your life.

“  Warren Buffet is a great investor, but what makes him rich is that he’s been a great investor for two thirds of a century. Of his current $60 billion net worth, $59.7 billion was added after his 50^th birthday, and $7 billion came after his 60^th.If Buffet started saving in his 30s and retired in his 60s, you would have never heard of him. His secret is time. ” Morgan Housel about Warren Buffet