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Systematic Investment Plans (SIPs) and Recurring Deposits (RDs) are both popular ways to invest small amounts regularly. While both require a fixed monthly contribution, they differ in returns, risk and flexibility. SIP: Market-Linked Growth In a SIP, a fixed sum is invested in mutual funds at regular intervals. The amount is auto-debited from the bank account…
How to make Rs 50 lakh corpus in 5 years: Let’s be honest, Rs 50 lakh in 5 years sounds like a dream. But if you’re willing to be consistent, take some calculated risks, and stay invested, it might not be as out of reach as it seems. One popular way to go about this…
SIP vs PPF: It is important to invest carefully in order to ensure one’s financial security. Both SIP (Systematic Investment Plan) and PPF (Public Provident Fund) are widely followed investment instruments in India. Although SIP carries the possibility of higher returns with mutual fund investments, PPF is a steady and tax-effective approach to saving for…
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…
Let’s understand with an example: Anna and Anjal are friends who are in their 30s. They are having a cup of coffee, and they are chatting about retirement planning. Anna has confidence in PPF as it is safe and delivers sure returns. Anjal would rather invest in SIP, anticipating more growth. Wanting to know which…
SIP Investment for Education Planning: Higher education makes your child able to compete with the rest of the world in their profession. It makes them realise their true potential and helps them become self-dependent. An educated environment at home is most likely to make daily discussions healthy and children responsible in their lives. But modern…
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…
Target Rs 10 Crore Corpus: You can set your financial goals as per your future requirements. There is no standard corpus size for anyone as it can be different for any two people with different income and ambitions. But having a substantial amount in your corpus may make you confident to take financial decisions independently…
NPS vs EPF vs PPF: Sometimes we miss the investment opportunity and years later realise the mistake. The opportunity missed can be because of a lack of knowledge, a shortage of finances, or responsibilities to meet. When we realise the delay, we may feel discouraged, thinking there is no point in starting late. Likewise, if…
For now, let’s decode how many years it can take to build a sizeable corpus of Rs 2 crore with Rs 7000 monthly investment in a systematic investment plan. Also, the investment amount shouldn’t be a concern. Many believe a small sum is not enough for investment purposes. If that’s the case, then why do…