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Investors' Hangout  |   By Dhirendra Kumar  |   31-Mar-2017

Week 23: Do ka char - What compounding means for your investments

A king in ancient times, who was pleased with the inventor of chess asked him to name a prize for himself. The inventor said that he would like to have one grain of rice on one square of a chessboard and double its number on the next and so on. The king thought this was a very minor request and granted it. However he soon realised that the number of grains this implied was far beyond the capacity of the chessboard, his palace and indeed his entire granary (mathematically this comes to 2 to the power of 64). This is the power of compounding. You too can benefit from it in your investing journey. Join us to find out how in our latest Money Hangout.