SIP for Rs 5 Crore Corpus: Are you 20, 30 or 40 years of age and wants to create Rs 5 crore wealth by 50 or 60 years of age. Or, you have a time frame in your mind to create a Rs 5 crore retirement corpus and want to achieve it in 10, 20,…
Public Provident Fund is a government-backed scheme that is popularly known as PPF. You can earn tax-free deposits, interest, and maturity amount with a PPF account under Section 80C. You can also avail loans against your Public Provident Fund balance from the 3rd to the 6th year of investment. The lock-in period of a PPF…
PPF is a government-backed plan with a lock-in period of 15 years. After 15 years, you can either withdraw the entire generated value or extend the account for another 5-year block. A Public Provident Fund allows a deposit of Rs 1.5 lakh annually that can help you save tax. Yet another reason why people are…
Power of Rs 1,00,000 one-time investment: Have you ever thought of creating a large fund from your small investment? A corpus that is multiple times your investment. Getting such a return may appear to be an insurmountable task. But one may achieve it if they have patience and a long-term investment horizon. Know how mutual…
Monthly Income From Mutual Fund Lump Sum: Mutual funds invest in equity, assets, and commodities. Such funds can be equity, hybrid, or debt. Investors use them to diversify their portfolio, create a corpus for retirement, and other financial goals. An investor may invest in one or many mutual funds to create a retirement corpus. They…
PPF Calculations: Public Provident Fund (PPF) is a long-term small savings scheme often used for retirement corpus building. But if one invests regularly in the fixed income scheme for a long term, they can draw a substantial monthly income from the scheme. They can also build a corpus that they can use themselves or pass…