Axis Mutual Fund
- Fast, simple & paperless investments with the Axis Mutual Fund App in just 5 minutes.
- NEW to Axis Mutual Fund? Now make SIP/Lumpsum investments with just a PAN Number (Paperless Transaction).
Personal finance and Goal planning
To clearly spell out the income, spending, and goals depending on one’s risk tolerance, the financial planning process necessitates care at every stage. To get the personal finances in order, there are a few general guidelines that can be followed. After becoming used to the rules, careful financial planning can be done to align savings with objectives.
At different ages, what we anticipate happening to us may not actually occur. A 20-year-old may already be weighed down by significant family obligations, a 60-year-old may be returning to school for an advanced degree course, and an 80-year-old may discover their son and his family moving in with them after experiencing financial difficulty.
Ages 21 to 30
At this point, making long-term financial and educational preparations ought to come first. Even though your income will probably be low during this time, you still have time on your side. Your ability to set and stick to financial goals will greatly influence the amount of wealth you amass over..., Read More
Ages 31 to 40
Most people are in their prime spending years now, when things like homeownership, raising a family, and other obligations strain their finances and make them question if there will ever be enough money for everyone. The best course of action is to assess and weigh your accumulated obligations towards the..., Read More
Ages 41 to 50
Your attention is now shifted away from spending and toward saving and investing. The costs decrease as kids get older. Unpaid mortgage balances are now doable. You still have a few years left to work and can increase your retirement savings to at least 15% or 20% or more of..., Read More
Ages 51 to 60
You are at the height of your professional potential and contemplating retiring at this age. Additionally, now is the moment to weigh your projected retirement income and expenses against your pension. By conducting a review, you may find any weaknesses and, if necessary, remedy them. Being ready for retirement will..., Read More
Age 60 and older
How to continue receiving an income in retirement is the largest financial challenge for retirees. If you have been setting money down for retirement, it won’t be a problem. You can enroll in an Income Drawdown Plan and receive a fixed monthly income by doing so. The excellent thing about..., Read More
