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.
More >
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.
Wed, Oct 16, 2024
Retirement Corpus: The National Pension System (NPS) is a market-linked retirement scheme that is designed to help individuals secure a strong retirement corpus.
From Rs 17,000 monthly SIP to Rs 11 cr Retirement Corpus: Building a retirement corpus that can fulfil your retirement requirements is a slow and steady process. Those who start investing early are likely to have an edge as they will get more years for compounding compared to someone who start their investment journey late.
Tue, Oct 15, 2024
NPS Annuity Calculator: National Pension System (NPS) is a retirement scheme that helps an account holder create a corpus. At maturity, the subscriber can withdraw the lump sum amount and purchase an annuity plan from the rest of the amount. The return from annuity investment helps one get a monthly pension post retirement.
Mon, Oct 14, 2024
EPF Maturity Calculator: Employees' Provident Fund (EPF) is a retirement scheme where the invested amount up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free. The EPF subscriber can contribute to their EPF account up to the age of 60 years.
Fri, Oct 11, 2024
Retirement Corpus Planning: Starting retirement planning early has its own benefits. If one starts investing early, they can achieve their financial goal in the long run with a significantly smaller investment compared to the amount required if they start late.
NPS Vatsalya Calculator: The NPS Vatsalya account is for minors in the 0-18-year age group. At 18 years of age, the NPS Vatsalya account holder can convert their NPS Vatsalya account into a normal NPS account.
Thu, Oct 10, 2024
Retirement Corpus Calculator, Power of Compounding: A small monthly investment can do wonders if the investor stays in it for a long time. Even monthly investment such as Rs 2,000, Rs 4,000, and Rs 6,000 can create a corpus as high as Rs 1.50 crore.
Top 7 NPS Tier I Equity Mutual Funds With Best Returns in 1 Year: Since all NPS Tier I equity funds follow the Nifty 50 index, at least 10 of them have gained over 30 per cent in the last 1 year because of the over 27 per cent growth of their parent index during the same period.
Wed, Oct 09, 2024
NPS vs EPF Retirement Corpus Calculator: NPS is a market-linked retirement scheme where, while EPF offers 8.25 per cent interest rate. An NPS Tier I account offers tax benefits, while contributions in EPF also offers tax relaxation under Section 80C of the Income Tax Act, 1961.
From Rs 16,000 Monthly SIP to Rs 10 Cr Retirement Corpus: Consistency and long duration in investment play a key role in generating a large corpus. Even if the monthly investment is low and one makes it for a long time, the years of compounding can help them build a sizeable retirement corpus.
Tue, Oct 08, 2024
NPS Annuity Calculator: National Pension System (NPS) is a retirement scheme where one can contribute a lump sum amount or on a monthly basis. They get market-linked returns on this investment, which helps them build a retirement corpus. At 60 years of age, they can withdraw up to 60 per cent corpus from it. From the rest of 40 per cent, they purchase an annuity plan to get monthly pension.
Mon, Oct 07, 2024
EPF Retirement Corpus Calculation: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees to help them build a retirement corpus through monthly contributions to their EPF account. If they start contributing in their mid-20s or early 30s and do it for a long time, they can create a large, tax-free fund.
Sun, Oct 06, 2024
Retirement Planning: When one is planning for retirement, corpus target, the right choice of investment scheme(s), inflation-adjusted returns, and calculation of post-tax returns are important factors.
Sat, Oct 05, 2024
Power of Compounding: Returns that an investor gets on their investment may not appear to be significant in the short term, but when they compound over the years, they can help one create a much larger corpus compared to someone who gets slightly lesser returns.
Fri, Oct 04, 2024
NPS Vatsalya Calculator: Indian citizens, non-resident Indians, and Overseas Citizens of India are eligible for the NPS Vatsalya account. Parents/guardians can open the account on behalf of minors. The minor will get a Permanent Retirement Account Number (PRAN) and the account will also be in their name.
Retirement Planning: One can build a retirement corpus by using the SIP investment method in mutual funds. After the corpus target is achieved, the same can be used for withdrawal in phases through the Systematic Withdrawal Plan (SWP).
Thu, Oct 03, 2024
Retirement Planning: When you talk about retirement planning, you need to focus on 3 factors- how much lump sum amount you need at retirement and how much monthly income you need after that, and the third factor is the inflation rate.
Wed, Oct 02, 2024
EPF vs PPF Retirement Corpus Calculator: Employees' Provident Fund Organisation (EPFO) runs the EPF retirement scheme for private sector employees. Employees with at least Rs 15,000 monthly basic salary are eligible to make a monthly contribution to their EPF account. Public Provident Fund (PPF) is a scheme run by Post Office and banks. The current interest rate in the scheme is 7.1 per cent compounded yearly.
Retirement Corpus Planning: When we think about retirement planning, the biggest mental block that we feel is that we don't save enough to invest. But here two factors are important: we need to invest first and save the rest to run our monthly expenses; secondly, no investment is small if you do it consistently for a long time.
Tue, Oct 01, 2024
NPS Annuity Calculator: At 60 years of age, NPS subscribers get the option to withdraw their retirement corpus and also purchase an annuity plan. However, they can withdraw only up to 60 per cent of their corpus. From the rest of the 40 per cent amount, they need to purchase an annuity plan. The return from annuity investment helps them get a monthly pension.
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.
