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.
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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.
Wed, Nov 06, 2024
From Rs 20,000 Monthly SIP to Rs 14 Crore Corpus: The one who starts investing early in their career can achieve a tough retirement goal even if they begin with a small monthly investment. The recipe to create a sizeable corpus is to maintain consistency and benefit from years of compounding on investment.
SIP vs NPS vs EPF Calculator: Retirement planning is an important aspect for an individual to achieve financial freedom. There are many investment schemes such as National Pension System (NPS), Employees' Provident Fund (EPF) and Systematic Investment Plan (SIP) in mutual funds for retirement planning. Two of them provide tax-free maturity amount.
Mon, Nov 04, 2024
Power of Compounding: If someone's monthly income is Rs 25,000 and they want to create a corpus of over Rs 2.60 crore, the condition is to start investing early and continue it for a long time. The other condition is to increase investment every year.
From Rs 2,500 monthly SIP investment to Rs 3 cr corpus: We may delay investing or do not start it at all, thinking that our low investment monthly amount won't make an impact. But its the duration of the investment that matters a lot. Even if one gets modest returns but continues their investment for a large time frame, they can gather a large retirement corpus in the long run.
Power of Compouding: Systematic Investment Plan (SIP) is the most popular method of investing in mutual funds in India, reveals AMFI's monthly data. Mutual fund investors can set up a fixed monthly investment amount through SIP, or they can opt for a step up SIP with an increase in their annual income. Such a strategy in the long term can bring magical results.
Thu, Oct 31, 2024
Retirement Planning: Systematic Investment Planning (SIP) is a way to create a retirement corpus. It can be withdrawn in the form of monthly income through Systematic Withdrawal Plan (SWP).
Retirement Calculator: One should know when they want to retire, what liabilities they have at the retirement age, what will be their inflation-adjusted monthly expenditure, what will be their retirement corpus, and what should be their monthly investment to achieve that goal. Knowledge of these factors in advance can help one stay focussed on their retirement goal.
Compounding Returns: Returns of investment matter a lot. In the long run, even 1 per cent extra return can take one's corpus to the next level. The key is to find the right mix of investments, keep revising investment strategy, and get the maximum output.
Wed, Oct 30, 2024
EPF vs SIP vs PPF Calculator: Individuals can invest in market-linked and non-market-linked schemes to create a retirement corpus. All they need is to make consistent efforts and start their retirement journey early in their lives.
From 19,000 Monthly SIP to Rs 13 cr Retirement Corpus: People who want to create a corpus that can easily take care of their post-retirement expenses should start investing early. Even if they start with a small monthly investment, they can meet their retirement corpus goal in the long run. Being consistent and having a long-term investment horizon are necessary for successful retirement planning.
Top 6 NPS Mutual Funds With Best SIP Returns in 10 Years: In National Pension System (NPS), the account holders can invest in NPS equity mutual funds. These funds follow the Nifty 50 index and have given stable returns in the long run.
Mon, Oct 28, 2024
EPF Retirement Corpus: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees, where they invest monthly and get a fixed interest rate on their investments. If they avail the full limit of EPF, not only can it become a good debt investment option, but it can also help them generate a tax-free retirement corpus.
Power of Investment: The duration of investment plays a key role in creating a large retirement corpus. If an investor starts investing with a small monthly amount and continues it for a long duration, their corpus can be much larger than someone starting with a large amount and short duration.
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.
Thu, Oct 24, 2024
Retirement Corpus Target Rs 7 Crore: Retirement planning is a long-term process, which one should start early in their career. It will help them create a sizeable corpus with a smaller amount compared to an investment with a larger amount for a shorter duration.
Wed, Oct 23, 2024
EPF vs NPS vs SIP: Employees' Provident Fund (EPF), National Pension System (NPS), and Systematic Investment Plan (SIP) in mutual funds are three prominent ways to build a retirement corpus. While in EPF, one gets a fixed interest, NPS and SIP investments are market-linked.
From Rs 18,000 Monthly SIP to Rs 12 Crore Corpus: Monthly investment for the long term can make achieving a tough financial goal possible. If one is aiming at a corpus that can accomplish their retirement needs and meet expenses post retirement, early investing can be great help.
Tue, Oct 22, 2024
Retirement Corpus Planning: To meet the retirement corpus target, you can work on increasing your monthly income and investments, and to ensure the required return on your investment, you can keep revising your investment planning. So, based on your current lifestyle and monthly expenses, you can assess your retirement corpus.
Mon, Oct 21, 2024
EPF Retirement Planning: Financial freedom in every stage of life is important. Be it while anyone is working or at retirement. Employees' Provident Fund (EPF) is one such scheme, where private sector employees can invest while they are working and withdraw money at retirement age.
Fri, Oct 18, 2024
NPS vs NPS Vatsalya Calculator: National Pension System (NPS) provides compound returns, so if one avails the opportunity of investing in NPS Vatsalya and then in NPS till the retirement age of 60, their retirement corpus can be over Rs 35 crore with just Rs 2,500 monthly contribution.
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