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.
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.
SBI Senior Citizen FD Updated Interest Rates: State Bank of India (SBI) offers its highest interest rate to senior citizens in its 444-day Amrit Vrishti special FD at 7.75 per cent. Senior citizens get the interest rate of 7.30 per cent in 1-year FD, 7.25 per cent in 3-year FD, and 7.50 per cent in the 5-year FD.
Thu, Oct 17, 2024
Retirement Planning: When we talk about retirement, an early starter has a significant edge over a late starter. If an early starter is consistent in their investment, they can create a much larger retirement corpus with a small monthly contribution compared to a person who is a late starter and is having a larger monthly investment.
Wed, Oct 16, 2024
EPF vs SIP vs PPF: Employees' Provident Fund (EPF), Public Provident Fund (PPF) and Systematic Investment Planning (SIP) in mutual funds are three methods to generate a retirement corpus. While EPF and PPF are non- market-linked, SIP is market-linked.
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.
Senior Citizen FD Latest Interest Rates: Senior citizens often use fixed deposit (FD) schemes as part of their retirement planning. They invest in fixed deposit schemes to get guaranteed returns in the form of interest. Apart from limited-period special FDs, SBI, PNB, Canara Bank, HDFC Bank, and ICICI Bank run 1-, 3-, and 5-year FD schemes for senior citizens.
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
Want to secure a retirement fund of Rs 1,54,50,911? Here's a detailed explanation of how you can build this investment through the Public Provident Fund (PPF) scheme. Also know the importance of extending your PPF account and the benefits of consistent contributions. Know how even a modest monthly investment can lead to significant wealth accumulation over time.
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
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
SBI Senior Citizen Fixed Deposit Interest Rates 2024: State Bank of India (SBI) runs many fixed deposit (FD) schemes for senior citizens. They can invest in special FDs such as Amrit Kalash, Amrit Vrishti, and Green Deposits, as well as in the 1-year, 3-year, and 5-year FDs. Investments in the 5-year FD also provides tax benefits under Section 80C of the Income Tax Act, 1961.
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.
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.
