How to build Rs 1 crore nest egg: A guide to SIP calculators
Building a ₹1 crore nest egg might seem daunting, but with disciplined savings, the right tools, and long-term foresight, anyone can achieve it. One of the most systematic and disciplined ways to do this is through Systematic Investment Plans (SIPs). SIPs allow you to invest a fixed amount regularly in mutual funds, making wealth creation […]
Tax-efficient investing strategies: How to maximise returns while minimising tax liability?
Most investors approach us with a request that they want to invest because they want to save tax under section 80C. This is especially true during the last quarter of the financial year when they are under pressure to submit tax-saving investment proof to their organisation. Benefits of ELSS Equity Linked Savings Schemes (ELSS) is […]
How to save for retirement: Investment tips for moderate risk takers
I am 35, and recently started a new job with a monthly income of ₹1.5 lakh. I have no significant liabilities and can save 40% of my income. My investments include: ₹10 lakh in MFs (large- and mid-caps, and debt funds); ₹5 lakh in fixed deposit; and ₹3 lakh in PPF. I aim to accumulate […]
How to amass a ₹1 crore corpus for buying a home
My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP) which I started 2 months ago. At present, I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate a down payment of ₹1 crore in six years to buy […]
Mutual Funds: What are ECS return charges and how to avoid them?
In case you have an SIP (systematic investment plan) for mutual fund investment into one or more schemes, it is understood that you have given standing instructions to your bank to deduct a pre-decided sum on a particular date. The amount that is transferred is usually deducted via Electronic Clearing System or ECS. But have […]
Financial Planning: 4 experts share tips on how to plan your finances for 2024
Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration you want to remain invested for. Diversification is one of the most important techniques in financial planning and investment. It is basically not putting all your eggs in one basket and hence aims to […]
How to achieve financial goals faster with step-up SIPs this new year?
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity […]