SIP at 35 for Rs 7 Cr Corpus: Salaried-class individuals should start retirement planning from the first salary they get. But most delay it for a number of reasons. It may be because they have a responsibility, a financial commitment, or a financial goal that made them a delayed starter. But even if one has…
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…
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…
Retirement Planning from SIP: Your retirement may be distant, but your disciplined approach towards investment today may make all the difference. A monthly SIP investment of Rs 25,000 for just 5 years may unlock the potential to create a retirement corpus of Rs 3.45 crore. But will it happen in 5 years? No! Any investment…
The Employee Pension Scheme (EPS) is a retirement plan that provides a monthly pension to employees after age 58. You can also opt for an early pension at 50. Both employees and employers contribute to the pension fund. Let’s calculate the monthly pension for someone with a salary of Rs 84,000 and different years of…
Gratuity serves as a reward for employees who have completed a minimum of 5 years of continuous service, acknowledging their loyalty and commitment to the organisation. Organisations with 10 or more employees are required to pay gratuity as per the Payment of Gratuity Act, 1972. For calculation purposes, any service period of 6 months or…