wealth accumulation

My mutual fund portfolio is in the red. I have heavily invested in MFs through SIPs since 2020. Should I cease now and reserve my savings in risk-free tools?

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My mutual fund portfolio is in the red. I have heavily invested in MFs through SIPs since 2020. Should I cease now and reserve my savings in risk-free tools?

Over the past five years, since the Covid pandemic, I have actively engaged in Systematic Investment Plans (SIPs) and have been content with the returns, particularly in the post-Covid period. However, in recent months, there has been a noticeable decrease in profits. Despite my apprehensions, my financial advisor has assured me that the current situation … Read more

Crorepati goals: Rs 2,500 monthly SIP in this fund has grown to Rs 1 crore in 25 years. Check details

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Crorepati goals: Rs 2,500 monthly SIP in this fund has grown to Rs 1 crore in 25 years. Check details

Mutual fund investment has become an appealing opportunity for wealth accumulation. A key advantage of this investment avenue is its accessibility, as individuals can start investing with amounts as low as Rs 100 or Rs 200 through Systematic Investment Plans (SIPs). The power of compound interest, given time to grow, has the potential to turn … Read more

Crorepati goals: A monthly SIP of Rs 12,000 grew to Rs 1 crore in just 16 years; check investment details

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Crorepati goals: A monthly SIP of Rs 12,000 grew to Rs 1 crore in just 16 years; check investment details

Many individuals aim to achieve the status of a crorepati, aiming to acquire wealth to the fullest extent possible. Yet, a significant portion of the population believes that reaching this goal is out of reach, leading them to neglect efforts in that direction. This can be debated. By committing to saving even a small sum … Read more

NPS Vatsalya vs Long-term equity funds vs Children MFs: In which segment will you get maximum returns?

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NPS Vatsalya vs Long-term equity funds vs Children MFs: In which segment will you get maximum returns?

Mutual fund investment: Since the introduction of NPS Vatsalya, many have been speaking about long-term investment plans, which extends for decades and can offer a multicrore asset on maturity. NPS Vatsalya, which is similar to the National Pension System, and equity MFs, or children mutual funds, are important tools for long-term wealth creation. Choosing the most … Read more

‘Micro SIPs are better than chit funds, unorganised credit societies’: Experts on Sebi’s Rs 250 SIP plan

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‘Micro SIPs are better than chit funds, unorganised credit societies’: Experts on Sebi’s Rs 250 SIP plan

Mutual Funds and small SIPs: Investing in mutual funds is often viewed as a more secure option compared to the stock market due to its diversified nature and professional management. Systematic Investment Plans (SIPs) serve as popular investment tools within the realm of mutual funds, aiding individuals in attaining financial objectives at various junctures of their … Read more

How to build a Rs 15 crore retirement nest egg in 30 years. Follow these steps

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How to build a Rs 15 crore retirement nest egg in 30 years. Follow these steps

Achieving the goal of accumulating a wealth of Rs 15 crore over 30 years may seem daunting, but with smart financial planning, disciplined saving, and the power of compounding, it’s within reach to make one’s retirement comfortable. Here is one of the ways how one can systematically work towards this financial milestone. The key to … Read more

NPS Vatsalya Scheme for minors to launch by third week of September

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NPS Vatsalya Scheme for minors to launch by third week of September

The NPS Vatsalya scheme, announced in the Union Budget 2024, is expected to be officially unveiled by the latter part of September. Positioned as a modified iteration of the National Pension System (NPS) for government and private emplpoees, NPS Vatsalya is envisaged to serve as a pivotal financial instrument, providing parents with a reliable avenue … Read more

Raksha Bandhan 2024:  New-age investment tools for Gen Z, millennials brothers, sisters to ensure financial stability

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Raksha Bandhan 2024:  New-age investment tools for Gen Z, millennials brothers, sisters to ensure financial stability

In the current rapid-paced society, marked by an emphasis on financial stability, individuals belonging to Gen Z and the millennial demographic need to initiate their venture into investments at an early stage. Raksha Bandhan festival is a perfect occasion to help your brother or sister start their financial journey with a wide array of investments … Read more

Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

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Wealth tax: IMF’s Gita Gopinath flags wealth tax concerns, says better implementation of capital income taxes needed

International Monetary Fund’s (IMF) first deputy managing director Gita Gopinath said that the global body prefers a progressive tax structure. In an interview, Gopinath, who is in India, said there should be better implementation of what’s there in terms of capital income taxes, property taxes can be encoded into the tax system properly. “With wealth … Read more

Key lessons from Anthony Bolton: Strategies for wealth accumulation – Pivotal factor required for success

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Key lessons from Anthony Bolton: Strategies for wealth accumulation – Pivotal factor required for success

Bolton underscores the significance of patience as a critical attribute for investors aiming for enduring success in the market. Bolton observes that while most share prices initially track a company’s earnings, over time, they can detach from this fundamental relationship. Therefore, he advises investors to maintain their conviction and continuously evaluate their investment hypotheses to … Read more