At the time of investing in mutual funds, each scheme requires you to choose between two options— ‘growth’ and ‘IDCW’ (income distribution cum capital withdrawal). Many investors end up making a random selection as they do not understand the implication of opting for either. Many investors begin their mutual fund journey by choosing the dividend…
Everyone wants to create a retirement corpus when they don’t have any other income source. But very less people know the right way of investment to achieve their financial goal. The size of the fund for retirement depends on person to person, as everyone has a different lifestyle, and if they want to continue with…
Achieving a Rs 1 crore corpus for retirement can be difficult for some people, but at the same time, it can be quite easy for some high earners in 10 years. To accumulate a retirement corpus, a SIP (systematic investment plan) can be a better idea. First of all, let’s know how much you need…
How much money is truly enough to retire comfortably? It’s one of the most common questions people have in their mind and the answer isn’t just about hitting a number. In a recent conversation with Zee Business, Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, shared a disciplined, phased approach to building wealth…
Retirement Planning: The number of years and the last-drawn basic salary of an employee are used to calculate the gratuity amount. Gratuity is a token of appreciation from an employer to an employee for their long-term service, usually after a minimum of 5 years of service. To your surprise, any service period of 6 months…
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…