Systematic Investment Plans (SIPs) and Recurring Deposits (RDs) are both popular ways to invest small amounts regularly. While both require a fixed monthly contribution, they differ in returns, risk and flexibility. SIP: Market-Linked Growth In a SIP, a fixed sum is invested in mutual funds at regular intervals. The amount is auto-debited from the bank account and…
From Rs 1,947 SIP to Rs 19.47 Lakh Corpus: Creating a Rs 19.47 lakh corpus from a Rs 1,947 monthly SIP investment can be an achievable target if you use this Independence Day to begin your financial freedom journey. How many years may it take for you to create a Rs 19.47 lakh corpus from…
SIP for Retirement Planning: More than a large investment, retirement planning needs patience, where an investor can give their investment a long term to grow. If the investment horizon is long, a small investment can convert into a large corpus at a steady growth. In contrast, if an investor wants quick results from their equity…
SIP and Lump Sum are two widely used investment options. SIP entails investing a fixed sum on a recurring basis, whereas Lump Sum involves investing a lump sum amount at one go. Both methods have their advantages and disadvantages. SIP minimises market volatility and timing risk, whereas Lump Sum has the potential to deliver higher…
Rs 100 Daily SIP for 30 Years vs Rs 500 Daily SIP for 15 Years: One can invest in a mutual fund systematic investment plan (SIP) according to their earnings and investment capacity. They may increase the investment amount when their income jumps, but where will they be better off—a Rs 100 daily SIP investment…
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…