How much should I invest in a SIP for my child’s education?
1 year, 4 months ago

How much should I invest in a SIP for my child’s education?

Live Mint  

I am 36 years old and do not have a Systematic Investment Plan so far due to my home loan and other financial liabilities. The cost of higher education is rising by around 10% every year, and 13 years from now you will need around ₹70 lakh. As you haven’t started saving yet for this goal, start Systematic Investment Plans in a couple of flexicap equity funds right away. Despite your home loan EMI, it would be advisable to start making some investments as the cost of these goals would keep escalating every year due to inflation. If the SIP amount is too high, start small at ₹12,000 a month and keep increasing the investment by 10% every year.

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History of this topic

How to build a corpus of ₹1 cr in six years with an annual income of ₹20L
3 weeks, 5 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 …

Saving for your child’s education abroad? Key advice from financial experts
3 weeks, 6 days ago

Saving for your child’s education abroad? Key advice from financial experts

Live Mint  

Securing your child’s education abroad requires more than just setting aside savings—it demands a strategic and well-structured financial plan. Education inflation is higher than regular inflation, and with the expected depreciation of the INR, parents need to factor in at least a 10-15% annual cost increase when planning for their child’s education abroad. Financial advice from experts: Rohit Beri, CEO …

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 …

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 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 …

How to overcome the dilemma of financial planning
1 year, 2 months ago

How to overcome the dilemma of financial planning

Live Mint  

Sridhar, 52, is among the many people I have interacted in his age group who are facing difficult money-related decisions. Figuring out how to fund a sudden increase of 2-4 times the amount needed for a financial goal is baffling many individuals and has become one of the most asked questions. Given the ease of obtaining loans, education loan or …

How do I plan my investments for daughter’s higher education?
1 year, 5 months ago

How do I plan my investments for daughter’s higher education?

Live Mint  

I am 33 years old and work in the service sector, drawing a monthly salary of ₹1 lakh. My investment portfolio includes ongoing systematic investment plans in mutual funds : two large-cap funds, a consumer fund, a flexi-cap fund, a tax saver fund, a mid-cap index fund, and a small-cap index fund. Regarding the NPS, assuming an annualized return of …

How much of my salary should go into SIPs?
1 year, 8 months ago

How much of my salary should go into SIPs?

Live Mint  

I am a 30-year old professional with a gross salary of ₹2 lakh. The first two SIPs should be in two different large cap funds, the third can be in some good mid cap fund, the fourth SIP of ₹8,000 can be invested in a flexi cap fund and the fifth one can be in any theme of your choice …

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 …

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 …

₹10,000 monthly turns to ₹11.98 lakh in 5 years in this mutual fund SIP plan
2 years, 9 months ago

₹10,000 monthly turns to ₹11.98 lakh in 5 years in this mutual fund SIP plan

Live Mint  

Mutual funds SIP is one of the investment tool that helps an investor overcome volatility of the equity markets without bothering about the right time to start. In last one year, this mutual fund scheme has given 6.85 per cent absolute return to SIP investors whereas annualised return in this period stands at 12.98 per cent. In last 2 years, …

Mutual fund calculator: SIP you need to accumulate ₹5.5 crore in 20 years
2 years, 11 months ago

Mutual fund calculator: SIP you need to accumulate ₹5.5 crore in 20 years

Live Mint  

Mutual fund calculator: Aniket is a 40 year old professional and his monthly take home salary is around ₹90,000. The investor needs to remember 15 X 15 X 15 rule of mutual funds where one can become a crorepati by following this mutual fund SIP rule." Pankaj Mathpal said that in this 15 X 15 X 15 rule of mutual …

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 …

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