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For Indian savers, choosing the right long-term investment often comes down to balancing safety, tax benefits and returns. Two of the most popular options are the Sukanya Samriddhi Yojana (SSY) and Systematic Investment Plans (SIPs) in mutual funds. But if you set aside Rs 1.1 lakh over 15 years, which one gives you more? Sukanyya…
Retirement Planning: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. Gratuity is a token of appreciation from an employer to an employee for their long-term service, usually after a minimum of 5 years of service. To your surprise, any service period of 6 months…
Retirement Planning: Inflation rises, and with that increase your expenses. The food you eat, groceries you buy, medicines you take, or fuel you fill in your car become costlier with time. What an Rs 10,000 amount can buy for you today may get you half of that quantity in years to come. The same rule…
Investment Planning for Late Beginners: Did you miss the early bus of the investment journey? Are you 40 years old and still have no corpus for retirement? Were you busy fulfilling other responsibilities and were left with no amount to invest? There may be several reasons for not investing early in your life. And because…
SIP and Lump Sum are the two popular investment schemes. SIP involves investing a fixed amount at regular intervals, while a Lump Sum involves investing a lump sum amount in one go. Each has its own pros and cons. SIP reduces market volatility and timing risk compared to a Lump sum investment, while a Lump…
A Systematic Investment Plan (SIP) is an investment strategy that provides you with the opportunity to invest a fixed amount of money at regular intervals in a mutual fund or scheme of your choice. It is not a fund, but a mode to invest in equity-related funds or other schemes. Let’s see how much time…
A Systematic Investment Plan (SIP) is a simple and smart way to invest in Mutual Funds. Instead of investing a large amount at once, you can invest small amounts regularly, like daily, weekly, or monthly. It works like a recurring investment, where the amount is automatically debited from your bank account and invested in the…
A systematic investment plan (SIP) is a vehicle that allows you to invest a fixed amount in mutual funds of your choice on a regular basis. You can set up a SIP with a mutual fund company simply by instructing them to deduct a specified amount from your bank account at regular intervals, such as…
Rs 6 Cr Fund From NPS and EPF: Employees’ Provident Fund (EPF) and National Pension System (NPS) are two prominent ways to create a retirement corpus. Private sector employees who have just entered the job in an organisation part of Employees’ Provident Fund Organisation (EPFO) can create a corpus by contributing to their EPF corpus….
Retirement Corpus Planning: Power of compounding provides great reward to an investor who believes in the importance of long-term investment. Investors who enter with a large amount but lack patience and quit the investment race early get little benefit of compounding, but those who make investments for a long time often gather a large corpus…