How to build a dream corpus before you retire
2 years, 11 months ago

How to build a dream corpus before you retire

Live Mint  

The need for building a substantial retirement corpus is something that no prudent investor can play down. One such rule of thumb is the 15-15-15 rule, which basically implies that if you continue a monthly SIP of ₹15,000 for 15 years, and the mutual fund scheme that you have opted for is able to generate annualized returns of 15%, then you shall be able to amass a corpus of ₹1 crore at the end of 15 years. In such a scenario, one may start small, at say, ₹50,000 per month, and then increase the monthly SIP amount by 10% every year. Therefore, instead of having to set aside ₹1 lakh every month, a lower monthly SIP of ₹90,000 could help you reach your target. Added to this, effectively contributing one’s annual bonuses or any other windfall gains cumulatively to the retirement fund could go a long way in building a humongous wealth corpus.

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History of this topic

Retirement planning: Are you saving enough money? Tips on SIP, EPF, and NPS contributions
22 hours, 41 minutes ago

Retirement planning: Are you saving enough money? Tips on SIP, EPF, and NPS contributions

Live Mint  

Retirement planning is essential for ensuring financial security in the future. Industry experts suggest that a person can create a diversified, growth-oriented strategy by combining instruments like systematic investment plans with government-backed programs like the Employees' Provident Fund and the National Pension Scheme. Systematic investment plans “In today's world, it is very important to adopt an active style of retirement …

Your Questions Answered: How can I use SIPs to save for my dream home in Bengaluru’s outskirts?
6 days, 21 hours ago

Your Questions Answered: How can I use SIPs to save for my dream home in Bengaluru’s outskirts?

Live Mint  

I am a senior ad executive with a FMCG company in Bengaluru. A Systematic Investment Plan is a disciplined way of investing a fixed amount of money at regular intervals into mutual funds. Diversification Investing in mutual funds through SIPs allows you to diversify your portfolio across various asset classes and sectors. Professional management When you invest in mutual funds …

How to build a corpus of ₹1 cr in six years with an annual income of ₹20L
3 weeks, 6 days ago

How to build a corpus of ₹1 cr in six years with an annual income of ₹20L

Live Mint  

My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan, which I started two months ago. -Name withheld on request Your plan to step up the SIP every year to build a downpayment corpus is good, as you would have been able to reach around ₹44-48 lakh with the present monthly …

Mutual fund SIP calculator: How to accumulate ₹5 crore with a monthly Systematic Investment Plan of ₹5000
1 month, 1 week ago

Mutual fund SIP calculator: How to accumulate ₹5 crore with a monthly Systematic Investment Plan of ₹5000

Live Mint  

A systematic investment plan provided by mutual funds enables investors to contribute consistently and systematically to their financial objectives. In this article, we will explain how to accumulate ₹5 crore by investing ₹5,000 monthly through a Systematic Investment Plan, using a mutual fund calculator to help you understand the process better. Courtesy Groww mutual fund SIP calculator Mutual Fund SIP …

SIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa Live
Trending News
1 month, 1 week ago

SIP Emerges as a Safe Investment Amidst Market Fluctuations | Paisa Live

ABP News  

Amid fluctuations in the stock market, investments in Systematic Investment Plans are witnessing a rapid surge. For the first time in October, the monthly mutual fund SIP investments crossed the ₹25,000 crore mark. According to reports, the total amount of SIPs in October reached ₹25,323 crore, marking a significant milestone in the Indian mutual fund industry. SIPs allow investors to …

How Much Wealth Can You Build With a 20-Year SIP?
2 months ago

How Much Wealth Can You Build With a 20-Year SIP?

ABP News  

A comprehensive guide to saving and investing for long-term goals. The article emphasizes the importance of setting financial goals, prioritizing savings over spending, and using SIPs to achieve significant wealth over 20 years. It provides insights into choosing suitable investment options, setting up disciplined saving habits, and the benefits of starting early. The article also addresses the challenges of inflation …

How to save for retirement: Investment tips for moderate risk takers
5 months, 4 weeks ago

How to save for retirement: Investment tips for moderate risk takers

Live Mint  

I am 35, and recently started a new job with a monthly income of ₹ 1.5 lakh. —Name withheld on request {{^adFree}} {{/adFree}} If you plan to retire at 50, you will need to build a big enough corpus to last you through 30-35 years of retirement, or even longer. If your retirement corpus of ₹2 crore earns 9% returns, …

How to become rich: Your ₹5000 monthly SIP can help you grow ₹5.22 crore. Mutual fund calculator explains
8 months, 1 week ago

How to become rich: Your ₹5000 monthly SIP can help you grow ₹5.22 crore. Mutual fund calculator explains

Live Mint  

How to become rich: To become a crorepati and attain wealth through Mutual Fund Systematic Investment Plans, one should start by setting clear financial goals and choosing SIPs aligned with your risk tolerance and investment horizon. How to become rich through Mutual Fund SIP investments Regarding the strategy to amass wealth and become rich through SIP investments, Pankaj Mathpal, MD …

SIP or SWP: Which systematic plan should you choose to safeguard your golden years?
1 year, 8 months ago

SIP or SWP: Which systematic plan should you choose to safeguard your golden years?

Live Mint  

According to a survey conducted by Scripbox in 2022, 80% of urban families are not confident about their post-retirement plans. With rising life expectancy in India coupled with falling working span, it is important to start planning for retirement at an early stage with a systematic approach of investing that could ensure regular withdrawals during the golden years of life. …

Mutual Fund Investing: How do step-up SIPs give a boost to your wealth? Here are 4 ways
1 year, 9 months ago

Mutual Fund Investing: How do step-up SIPs give a boost to your wealth? Here are 4 ways

Live Mint  

When we set aside a small amount of money for the future, we understand the power of SIP’s; and when we continue investing and stay invested for a long time, we see the magic of compounding. Have a look at the numbers in the illustration below to see the impact when you add SIP step up as a strategy: Scenario …

What is step-up SIP and how to do it? All you need to know
1 year, 9 months ago

What is step-up SIP and how to do it? All you need to know

Live Mint  

When we set aside a small amount of money for the future, we understand the power of SIP’s; and when we continue investing and stay invested for a long time, we see the magic of compounding. Have a look at the numbers in the illustration below to see the impact when you add SIP step up as a strategy: Scenario …

How much mutual fund SIP should you make to accumulate ₹3 Cr in 20 years?
1 year, 11 months ago

How much mutual fund SIP should you make to accumulate ₹3 Cr in 20 years?

Live Mint  

Mutual funds, one of the best and most used forms of long-term investment, have consistently proven superior performance in terms of returns. However, to build wealth over a long period of 20 or more years, conservative investors should consider investing in Equity large-cap Fund or Equity index funds. “For an individual with a conservative risk profile who plans to accumulate …

SIP Investments: 6 common mistakes you must avoid to achieve desired financial goals
1 year, 11 months ago

SIP Investments: 6 common mistakes you must avoid to achieve desired financial goals

Live Mint  

How many times have you been told about the power of compounding that translates even the smallest systematic investment plans into an enviable corpus that can last a lifetime? One may attribute this behaviour to ignorance regarding how SIP investments work and the lack of understanding of how small investments, if unbridled over a prolonged period, can help people achieve …

SIP-top up facility: What is it and how does it work? Should you opt for it?
2 years ago

SIP-top up facility: What is it and how does it work? Should you opt for it?

Live Mint  

SIP-top up facility: Investing via Systematic Investment Plan is considered to be one of the best ways to amass wealth keeping in view long-term horizon. Amit Gupta, MD, SAG Infotech said an investor can raise his or her monthly payment to an ongoing SIP by using a top-up service. SIP-top up also known as SIP Booster or SIP step-up option …

Want to build corpus of Rs 1 crore at retirement? Learn how to plan it
2 years, 1 month ago

Want to build corpus of Rs 1 crore at retirement? Learn how to plan it

Firstpost  

It will be easier for you to accumulate a sizable corpus the earlier you begin saving money for retirement. You can gradually switch your fund allocation from equity to debt mutual funds as you get older to meet changes in your risk appetite. Therefore, if people in this age bracket are willing to accept an average return of 10 percent …

Mutual funds: Which SIP freqency to select for becoming crorepati?
2 years, 1 month ago

Mutual funds: Which SIP freqency to select for becoming crorepati?

Live Mint  

Becoming a crorepati when you hit retirement would be like a dream come true. You don't even need to burden yourself with a lumpsum investment amount, you can even become a crorepati by investing ₹1,000 on a daily basis. To provide a holistic picture to investors and help them make better-informed decisions for their investments via SIPs, WhiteOak Capital Mutual …

How much corpus amount do you need for retirement? Here’s a key guide
2 years, 2 months ago

How much corpus amount do you need for retirement? Here’s a key guide

Live Mint  

In the first part of this series on Financial Freedom, MintGenie gave you a simple guide on how to reach financial freedom in India. ---------------------------------------------------------------- The most important goal in financial planning is the retirement goal. Following are the things which you must focus apart from money to enjoy your retirement: Good health – With all the money and financial …

How should I invest my corpus to get ₹1.25 lakh monthly via SWP?
2 years, 2 months ago

How should I invest my corpus to get ₹1.25 lakh monthly via SWP?

Live Mint  

I am a 40- year-old professional with a working partner and 13-year-old daughter. Also, for the next five years, I can invest ₹1.5 lakh per month in mutual funds via SIPs too. I am working towards retirement in next five years and want a plan to get ₹1.25 lakh per month on SWP by investing the entire corpus. Coming to …

Where should I invest to create a retirement corpus of ₹10 crore?
2 years, 3 months ago

Where should I invest to create a retirement corpus of ₹10 crore?

Live Mint  

I am 27 years old and earn ₹1 lakh per month. My mutual fund investments include ₹8,000 in Aggressive super fund, ₹7,000 each in Tata equity P/E fund and Aditya Birla sun life liquid Fund, ₹5,000 each in Edelweiss US technology equity FoF direct growth, Axis long term equity direct plan growth and ICICI prudential India opportunities fund growth. —Name …

How to create a corpus of ₹2 cr in 12 years
2 years, 3 months ago

How to create a corpus of ₹2 cr in 12 years

Live Mint  

I am a 43-year advertising consultant and want to build a corpus of ₹2 crore through investments in the next 10-12 years. My mutual fund portfolio includes SIPs of ₹10,000 in SBI Small Cap Fund and ₹7,500 each in Axis Mid Cap Fund and UTI Nifty Next 50 Index Fund. —Name withheld on request To reach an investment corpus of …

Which SIPs should I go for to increase my monthly investment?
2 years, 10 months ago

Which SIPs should I go for to increase my monthly investment?

Live Mint  

I am 27 years old and currently investing ₹10,000 every month in mutual funds via systematic investment plan, or SIP, as given below: - Axis Small Cap Fund - Mirae Assets Emerging Bluechip - UTI NIFTY Index Fund - UTI NIFTY NEXT 50 Index Fund - Motilal Oswal S&P 500 Index Fund I have already invested ₹1.5 lakh so far …

How to build a ₹5 Crore corpus in Mutual Funds explained by ETMONEY
3 years ago

How to build a ₹5 Crore corpus in Mutual Funds explained by ETMONEY

Deccan Chronicle  

Accumulating an impressive amount within a certain time frame is indeed a task but is highly achievable if certain steps are followed. One of the best ways to reach for your goals is to set aside a portion of your savings at periodic intervals by investing in Systematic Investment Plan of Mutual Funds which can help you grow your investments …

Pension calculator: SIP you need to get ₹1 lakh monthly income post-retirement
3 years, 2 months ago

Pension calculator: SIP you need to get ₹1 lakh monthly income post-retirement

Live Mint  

Pension calculator: Sakshi Tyagi is a 35 year old IT professional. To achieve this ambitious target of ₹1 lakh monthly income post-retirement, one can look at creating a corpus of around ₹13 crore that can be invested in SWP for next 25 years. " Vinit Khandare of MyFundBazaar India advised investors like Sakshi to go for equity mutual funds SIP …

Mutual fund calculator: How much SIP will be required to get 2.5 lakh monthly
3 years, 5 months ago

Mutual fund calculator: How much SIP will be required to get 2.5 lakh monthly

India Today  

The Systematic Investment Plan, famously known as SIP, is a disciplined way of investing in mutual funds. In such a scenario, if the inflation growth is at 6 to 6.5 per cent per annum, the monthly Rs 40,000 expense is expected to go up to around Rs 2.5 lakh per month after 30 years or post-retirement. - In order to …

Plan your spending, savings, investments with goals in mind
3 years, 6 months ago

Plan your spending, savings, investments with goals in mind

Live Mint  

I’m in a government job with a monthly salary of ₹72,000 and hopefully, from July, it will increase to ₹84,000 per month. I started investing in January 2018 and my investments are as follows: I have invested ₹2,000 per month each in these SIPs. HDFC Taxsaver Reg-G In March 2019, I added SIPs of ₹2,000 per month each in more …

Top up your SIP to reach financial goals faster
3 years, 6 months ago

Top up your SIP to reach financial goals faster

Live Mint  

MUMBAI: A Systematic Investment Plan, or an SIP, invests a fixed amount every month in a mutual fund. In the above example, a top up of 10% every year cuts down the time needed to reach your Rs1 crore goal to eight years instead of 10. A number of mutual fund houses offer free top up calculators in order to …

How to create a retirement corpus of ₹3 crore by investing ₹10 lakh?
4 years, 3 months ago

How to create a retirement corpus of ₹3 crore by investing ₹10 lakh?

Live Mint  

I want to invest ₹10 lakh for my retirement. --Krishna Chenn By Divam Sharma, co-founder at Green Portfolio Considering that you have a moderate risk profile and want to invest a lumpsum amount of ₹10 lakh for the next 30 years, at a compounding of 10% per annum, you can reach a corpus of approx. To achieve investment returns of …

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