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…
Systematic Investment Plans (SIPs) offer several benefits. Some SIPs in mutual funds allow you to start investing with a small amount, like Rs 100. You get access to high liquidity, meaning you can withdraw your money when needed. However, early withdrawals might come with fees. SIPs also benefit from compounding, which helps grow your wealth…
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…
The Employee Pension Scheme (EPS) gives you a fixed income after retirement. You can start receiving a pension at 58 or opt for early pension at 50. If you leave your job 10 years before turning 58, you can withdraw the pension amount in one go at 58. Let’s calculate your monthly pension with a…