Investing in Pension funds, FDs, mutual funds? Check ‘Rule of 72’ to find out when your money will double

You can easily calculate how much time it'll take to double your money in pension schemes, fixed deposits (FDs) or mutual funds. 

New Delhi: Are you planning to invest or in a pension scheme, fixed deposits (FDs) or mutual funds and worried about how much time will it take to double your investment, then you are at the right place. 

In India, there are several investment options available that can double your investment in no time. However, some investment options are safer than others while other safer options take a bit longer in doubling your investment. 

You can easily calculate the time period required to doubling your money by simply following the ‘Rule of 72’. The rule is actually quite simple and anyone can find out the time period needed to double the investment in a snap.