Fri, Dec 20, 2024
Retirement Planning: If one aims at getting a Rs 1 lakh monthly income at retirement, the key is to start investing early. The benefit of starting early is that one can achieve the goal with a lower monthly SIP investment compared to a person who starts retirement planning late.
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Thu, Dec 19, 2024
Retirement Corpus Calculations: The assessment of retirement corpus can help one plan in advance. If they know how much they need at their retirement, they can plan a monthly SIP or lump sum investment to achieve that goal.
PPF Calculations: PPF investors can make unlimited deposits in a financial year. The scheme provides a fixed interest rate, and the corpus generated is also tax-free. PPF account holders can use the scheme to get tax-free regular income in their retirement phase.
Tue, Dec 17, 2024
Power of Compounding: In retirement planning, we often hear that those who start investing early are likely to build quite a larger corpus compared to those who begin late. The cost of delay in investment may cost dearly to an investor. Just a delay of 5 years can reduce the retirement corpus by crores.
Mon, Dec 16, 2024
Rs 4,000 Monthly SIP for 33 years vs Rs 40,000 Monthly SIP for 15 Years: Time is king in terms of investment. The longer one stays in their investment, the larger the corpus can be. The early beginners can beat the late starters in terms of creating a retirement corpus in the long term.
Fri, Dec 13, 2024
NPS Vatsalya: After the introduction of NPS Vatsalya, National Pension System (NPS) is open to subscribers aged 0-75. NPS Vatsalya is specific to the 0-18 years of age group. A small monthly contribution in the scheme can create a large retirement corpus for your child because of the power of compounding.
Thu, Dec 12, 2024
Retirement Calculator: Retirement planning is important. The early one starts it, the better it is. But one needs to calculate their retirement corpus amount and plan their investments according to that.
Wed, Dec 11, 2024
From 10,000 SIP to Rs 8 cr Corpus: If one stays in an investment for a long time, achieving a seemingly large retirement corpus is not impossible. The best way to achieve it is to begin the investment journey early and stay firm on the investment path.
PPF Calculator: Investment in Public Provident Fund (PPF) creates tax-free income. After 15 years of the maturity period, one can draw income even without investing a single rupee in PPF.
Tue, Dec 10, 2024
SIP+SWP: Systematic Investment Plan (SIP) in mutual fund is one of the ways to generate a retirement corpus in the long run. The same amount, instead of withdrawing as a lump sum can be withdrawn in phases through Systematic Withdrawal Plan (SWP). In both phases, the investor gets return on their corpus.
Wed, Dec 04, 2024
Public Provident Fund: Investment in Public Provident Fund (PPF) creates a tax-free corpus. But even if we don't withdraw it, the corpus can be used to get regular income.
Thu, Nov 28, 2024
Retirement Planning: Beginning with a small monthly amount and taking it to build a sizeable corpus can be the retirement goal of any investor. The important factor in this journey is to start investing early.
Mon, Nov 25, 2024
EPF Interest Calculation: A private sector employee with at least Rs 15,000 monthly basic salary and dearness allowance (DA) can start contributing to EPF. The current interest rate in the scheme is 8.25 per cent that is subject to review every 3 months. EPF provides tax benefits to its subscribers.
Fri, Nov 22, 2024
NPS Withdrawal (SLW)+ Monthly Annuity Pension: National Pension System (NPS) not only has the provision of providing a monthly pension from the annuity plan, but an NPS subscriber can also opt for monthly withdrawal from their lump sum corpus. This can increase their overall corpus value considerably.
Retirement Calculator: Retirement planning for everyone is important, and equally important is to start it early. If one delays it for some years, they lose a significant edge over someone who starts it early.
Public Provident Fund (PPF) Corpus Calculator: PPF provides 7.1 per cent interest rate. Deposits up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free. One also gets the option to continue their PPF account after a 15-year lock-in period with or without making new deposits.
Tue, Nov 19, 2024
SIPs enable investors to acquire units at a reduced average cost per unit. When the market rises, investors buy fewer units; when it falls, they buy more. Compounding increases your investment returns over time and promotes faster development. It generates larger profits and promotes investment growth over time. The initial deposits compound over time to form a considerable corpus.
Retirement Planning: Whether you're a salaried employee, a small business owner, or an individual, planning for retirement is essential. There are numerous options available for building a strong retirement corpus, and one highly effective strategy is investing in mutual fund SIPs. If you want to build a retirement corpus of Rs 8 crore with Rs 25,000 monthly SIP, then you have to plan and invest strategically. Know how:
Having a retirement corpus provides a sense of financial security during the post-employment years. By planning a retirement, individuals can reduce the risk of becoming dependent on others for financial support. Starting early is the key strategy that might help you reach your goal of building a satisfactory retirement corpus. Here, we will discuss how a monthly savings of Rs 8,000 can help an individual build Rs 4 crore corpus.
Mon, Nov 18, 2024
Retirement is a natural stage of life that comes for everyone, and while you can't avoid it (unless faced with a tragic situation), it's crucial to start saving for it as early as possible. Given the rising inflation, a retirement corpus of at least Rs 1 crore may provide some financial security after you retire. But how can you accumulate this amount? The answer lies in investing wisely, and one of the best options available today is Systematic Investment Plans (SIPs).
Power of Compounding: Small-amount investment that is made for a long duration can generate a higher corpus compared to the fund generated from large-amount investment. Compounding of returns plays a key role in this phenomenal growth.
Fri, Nov 15, 2024
EPF Interest Calculator: Employees' Provident Fund is a popular retirement investment option among private sector employees. They can contribute monthly and increase their investment amount as their salary increases. Or, they can also choose to contribute a fixed minimum amount. The scheme provides compound interest and immense tax benefits.
Thu, Nov 14, 2024
Small Money, Big Impact: The recipe to generate a higher corpus is to start investing early. If your investment amount is smaller but its duration is longer, you can create a larger corpus compared to a person whose overall investment is more than you but the investment duration is smaller.
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