Through a Systematic Investment Plan (SIP), you can invest a fixed amount regularly in mutual funds, such as daily, weekly, quarterly, or monthly. A Systematic Investment Plan (SIP) is an investment strategy by which you can invest a certain amount at regular intervals in a mutual fund or scheme of your preference. It is not…
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…
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…
The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of service would be considered 11 years. Assuming an employee with a basic pay of Rs 79,000 and different periods…
Investment Planning: Let’s assume you have 3 investments to make—a Rs 10,000 monthly SIP; an additional Rs 5 lakh one-time investment to SIP; and stepping up the Rs 10,000 SIP by 5 per cent yearly along with the Rs 5 lakh upfront investment, all 3 for 30 years. The first option is the easiest and…
Many people mistakenly view SIPs as either mutual funds or distinct from them. However, the fact is that a SIP (Systematic Investment Plan) is simply an investment approach, not a fund. It’s a vehicle that allows you to invest periodically in a mutual fund or scheme of your choice. It allows investors to direct their money…