Fri, Dec 20, 2024
SIP+SWP For Monthly Income: An investor can start a monthly systematic investment plan (SIP) in a mutual fund to create a retirement corpus. At the retirement age, they can stop this investment and withdraw the monthly amount through a systematic withdrawal plan (SWP). With the help of the duo's combination, a Rs 25,000 monthly SIP investment can lead to up to a Rs 13 lakh monthly withdrawal.
More >
Wed, Dec 11, 2024
SBI 5-year FD vs MIS: State Bank of India (SBI) and Post Office Monthly Income Scheme (MIS) provide interest on one-time deposits. While MIS provides interest on a monthly basis, SBI offers monthly payout withdrawal on FDs of 12 months and over.
Fri, Nov 29, 2024
Retirement Planning: Retirement is long-term planning, where one can start investing early in their career and reap the benefits after creating a corpus. The combination of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) is one such combination, where one can create a corpus in the early stage of their career and withdraw it in phases post retirement.
Fri, Oct 25, 2024
SIP+SWP Retirement Planning: The combination of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) can be used for retirement planning, where one can accumulate a retirement corpus through SIP investment in mutual funds and withdraw it systematically over the years.
Fri, Sep 20, 2024
Top 7 SWP Mutual Funds in 10 Years: In a SWP, an investor invests a lump sum amount in a mutual fund scheme and tells the mutual fund house to provide monthly income from this investment. The fund house sells net asset value (NAV) units of to provide a fixed amount every month.
Fri, Aug 23, 2024
Systematic Investment Plan (SIP) can help one build a sizeable retirement corpus with the help of constant investing in the long term. Though systematic withdrawal (SWP), one can withdraw that money in phases to secure monthly income.
Fri, Aug 16, 2024
Top 7 SWP Mutual Funds in 10 Years: In SWP, you invest a lump sum amount and withdraw money monthly. The advantage of it is that while you are withdrawing your money, it also grows with time. So, if your rate of withdrawal is lower than the rate of growth, you can withdraw money for decades, and your money is likely to grow even then.
Tue, Jul 30, 2024
MIS offers 7.4 per cent interest rate. The minimum investment in the scheme is Rs 1,000, while the maximum investment in a single account is Rs 9 lakh and in a joint account is Rs 15 lakh. In SWP, investors make a one-time investment in a mutual fund scheme and fix a monthly withdrawal amount. The fund house sells the net asset value (NAV) units from the investment every month and provides income to the investor.
Wed, Jul 24, 2024
One can open a single or a joint MIS account with a minimum investment of Rs 1,000. The scheme offers 7.4 per cent interest annually payable monthly. A guardian on behalf of a minor or a person of unsound mind, and a minor above 10 years old, can in his own name. If you are opening a single account, the maximum deposit will be Rs nine lakh. If you are opting for a joint account, the maximum deposit will be Rs 15 lakh.
Fri, Jul 19, 2024
Top SWP Plans for Monthly Income: In a SWP plan, the mutual fund house sells the investor's net asset value (NAV) units to provide monthly income. SWP provides rupee cost averaging, so, if the NAV rate is low, the fund house sells more units, if the NAV rate is high, it sells less units. Senior citizens often make SWP as an investment option for their retirement planning.
Wed, Mar 27, 2024
Monthly Income Scheme (MIS) at Post Office: Did you know that you can earn monthly interest ranging from Rs 6 to Rs 9,250 for five years against a one-time deposit to the tune of Rs 1,000-15,00,000 in a special, guaranteed income small savings scheme at the post office? Formally known as the National Savings Monthly Income Account (MIS), this savings plan enables depositors to park their funds to earn interest every month for the entire maturity period of five years. And what is the interest rate of the MIS plan? Currently, the scheme delivers a return of 7.4 per cent (paid monthly). Read on to learn all about this investment plan with examples.
Fri, Jan 27, 2023
SBI Monthly Income Scheme 2023: Most of the people are aware of the post office monthly income scheme which recently revised the interest rates for the scheme from January 2023. The investors are now getting 7.1 per cent per annum payable monthly.
Wed, Jul 20, 2022
National Savings Monthly Income Scheme or MIS is a deposit scheme is a savings plan offering interest rate of 6.6 per cent, annually. The current rate is being offered on MIS accounts at the Indian post offices
Thu, Jun 02, 2022
Post Office Monthly Income Scheme (Post Office MIS) is a government small savings scheme, which gives investors an opportunity to earn a fixed amount every month. Market volatility has no effect on this investment. Being a post office scheme, your money remains safe. This is a 5 years scheme, which can be extended further for 5-5 years.
Fri, Apr 01, 2022
Not everyone can invest their money in the stock market as everyone has a different risk capacity. If you are looking for investment options that are low-risk, you can opt for these 5 government schemes. Here are the 5 government schemes that you can invest in if your risk capacity is low.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
