Yes, depending on the date of investment the exact duration of your investment can differ in days. For example, if you started investing on the 8th March 2024 for a term of 6 months, your funds will be invested for 6 calendar months. 6 calendar months from 8th March 2024 ends on 8th September 2024 which is a non-business day. This would mean the investment will mature on the next business day which is 9th September 2024. Between 8th March 2024 and 9th September 2024, there are 185 days and hence your investment will earn returns for 185 days.
For another person whose investment started on 12th March 2024, the 6 calendar months end on 12th September 2024 which is a business day. Between these 2 days, there are only 184 days and hence the investment will earn returns corresponding to 184 days.
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For the same term, could the investment duration be different?
Yes, depending on the date of investment the exact duration of your investment can differ in days. For example, if you started investing on the 8th March 2024 for a term of 6 months, your funds will be invested for 6 calendar months. 6 calendar months from 8th March 2024 ends on 8th September 2024 which is a non-business day. This would mean the investment will mature on the next business day which is 9th September 2024. Between 8th March 2024 and 9th September 2024, there are 185 days and hence your investment will earn returns for 185 days.
For another person whose investment started on 12th March 2024, the 6 calendar months end on 12th September 2024 which is a business day. Between these 2 days, there are only 184 days and hence the investment will earn returns corresponding to 184 days.
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