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…
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…
Retirement Corpus Planning: Power of compounding provides great reward to an investor who believes in the importance of long-term investment. Investors who enter with a large amount but lack patience and quit the investment race early get little benefit of compounding, but those who make investments for a long time often gather a large corpus with…