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.
Tue, Sep 10, 2024
NPS Annuity Calculator: At the retirement age of 60 years, they get the option to withdraw up to 60 per cent of their corpus and purchase annuity from the rest of 40 per cent money. The return from the annuity amount helps them get a monthly pension. If NPS subscribers want, they can purchase annuity from all of their 100 per cent retirement corpus.
Mon, Sep 09, 2024
EPF Maturity Amount Calculator: Employees' Provident Fund (EPF) is a retirement scheme where private sector employees can make a monthly contribution to build a retirement corpus. Contributions up to Rs 1.50 lakh in a financial year provide tax benefits under Section 80C of the Income Tax Act, 1961.
Fri, Sep 06, 2024
NPS vs UPS vs OPS: The central government launched NPS for central government employees in 2004. The government included private employees, self-employed, and other individuals in 2009. UPS is aimed at consolidating multiple pension systems like OPS and NPS into a single framework. Old Pension System (OPS) is the first pension in India introduced in 1924. It was revised post independence.
SIP+SWP investment for retirement: Through SIP, one can invest a predetermined amount every month in a mutual fund scheme. This investment helps them get net asset value (NAV) units of that scheme. Here, instead of building a large corpus by investing a monthly amount in a mutual fund scheme, one invests a lump sum amount. The investor instructs the mutual fund house to sell their NAVs whose worth is equal to the predetermined amount that the investor needs as the monthly income.
Wed, Sep 04, 2024
From Rs 20,000 monthly SIP to Rs 15 crore retirement corpus: The mantra to create a huge retirement corpus is to beging your investment journey early in your career. It gives years of compounding and grow your investment fast.
EPF vs SIP vs PPF: EPF is a scheme for private sector employees, where both the employee and the employer contribute monthly. The EPF subscriber gets 8.25 per cent interest rate compounded yearly on these contributions. PPF is also used as a retirement scheme, which is run by the post office and banks. The post office provides 7.1 per cent annual interest compounded yearly.
Tue, Sep 03, 2024
NPS Pension Calculator: NPS offers 5 types of pensions to its subscribers- annuity for life without return on purchase (ROP), joint life annuity with ROP, joint life annuity without ROP, and family income with ROP.
Mon, Sep 02, 2024
EPF Retirement Planning: This is a retirement scheme where both the employee and the employer contribute to the former's EPF account. The minimum contribution from either side is Rs 1,800 on a basic salary of Rs 15,000, the maximum is 12 per cent of the basic salary and dearness allowance (DA). The employer's 12 per cent contribution is allocated to EPF (3.67 per cent) and Employees' Pension Scheme (8.33 per cent).
Thu, Aug 29, 2024
Retirement Corpus: If you plan your retirement early in your life and start investing regularly, there are high chances for you to build a large corpus with a small monthly contribtuion.
If you invest Rs 5,000 a month in a scheme, where you get 12 per cent annualised growth for 15 years, your investment will be Rs 9,00,000, and the expected amount will be Rs 23,79,657. But if you invest Rs 15,000 a month 6 year and get 12 per cent annualised return on it, your investments will be Rs 10,80,000, but the expected amount will be Rs 15,54,038. Thus, Rs 1,80,000 less investment can help you get Rs 8,25,619 more because of staying 10 years extra in your investment.
Wed, Aug 28, 2024
Savings Calculator: If you save Rs 10 a day, your total savings in 1 year will be Rs 3,650. If you divide it by 12, in each month of the year, you can invest Rs 304.16.
EPF vs NPS vs SIP: Employees' Provident Fund (EPF) and National Pension System (NPS) both are retirement schemes, where one can contribute on a monthly basis. Through SIP, one can invest in mutual funds. All 3 schemes can help one a sizeable retirement corpus in the long run.
Tue, Aug 27, 2024
Retirement Planning: The earlier you start investing, the higher your retirement corpus can be. E.g., if you invest Rs 2,000 a month through SIP in a mutual fund scheme and get a 12 per cent annualised return on it, in 10 years, you will build just a Rs 4.5 lakh estimated corpus on a Rs 2.40 lakh investment, but if you continue it for another 20 years and get the same return, your estimated corpus will grow to Rs 61,61,946, while your investment will be just 7.20 lakh.
Retirement Planning: It is a market-linked scheme where the NPS subscriber can choose equity exposure from 25 per cent to 75 per cent. The starting investment age is 18 years, while one can invest till 75 years of age. At 60 years of age, they can withdraw up to 60 per cent lump sum returns, while they need to purchase annuity from the rest of the 40 per cent.
Thu, Aug 22, 2024
How to build Rs 10 crore retirement corpus: When we talk about investment, time matters a lot. If you don't have a large amount to invest and want to invest it monthly in a scheme, the duration of the investment can do wonders.
Fri, Jul 26, 2024
NPS Monthy Pension, NPS Retirement Corpus: Finance Minister Nirmala Sitharaman made an important announcement in Budget 2024 for National Pension System (NPS) accountholders.
Mon, Oct 09, 2023
Retirement Planning: It is better to plan in advance for your future and the future of your children, then how can you plan properly and what is the right investment in retirement?
Wed, Sep 20, 2023
Money Guru: Experts say how to manage expenses after 60 years? How to make retirement stress free? Understanding this, it is important to plan for it from now on.
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.
