💨 Abstract

Lump sum investing is a strategy where a large sum of money is invested in one go, typically in mutual funds. It leverages compounding, allowing returns to accumulate over time, resulting in significant growth, especially over the long term. By using a lump sum calculator and researching top mutual funds, you can create an effective investment plan. Lump sum investing offers benefits like diversification, professional management, and tax benefits.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖