Would appreciate your guidance on my SIP. Here are the details of my current SIP contributions. I am 31 years old, debt-free, and living in a rental house. I’m not interested in purchasing an expensive home. My main goal is to secure at least ₹40,000 per month after I turn 45 or 50. Could you … Read more
Baroda BNP Paribas Mutual Fund has announced the launch of Lakshya SIP, an investment solution that merges the advantages of a Systematic Investment Plan (SIP) and a Systematic Withdrawal Plan (SWP). Geared towards long-term wealth accumulation and consistent monthly earnings, Lakshya SIP is designed to assist Indian investors in attaining financial independence and achieving … Read more
Now, members and subscribers can withdraw Rs 1 lakh from their PF account instead of previous limit of Rs 50,000. Union Labour minister Mansukh Mandaviya announced this earlier this week on the occasion of the government’s 100 days in office. The Employees’ Provident Fund Organisation (EPFO) oversees various employee-related schemes, such as provident fund, pensions, … Read more
Investing in the National Pension System (NPS) can be a prudent strategy for securing a steady income post-retirement. By making consistent investments in NPS now, you can build a substantial retirement fund for the future, as it is a highly cost-effective way with the lowest fund management charges ranging from 0.09% to 0.03% depending on … Read more
My husband passed away in December 2023. Now with his death, I can only invest Rs 30 lakhs in Senior Citizen Savings Scheme (SCSS) in my name instead of Rs 60 lakh previously done for both. Where can I invest this money now, where I can get maximum, risk-free returns with a lock-in period of 5 years. Name … Read more
Senior citizens’ investment: When considering the later stages of an individual’s life, the primary objective is to secure a steady income from a saved sum of money to support a pleasant lifestyle after retirement. Typically, seniors gravitate towards more conservative financial strategies in order to safeguard their funds. This demographic values investments that are easily … Read more