Most of us while selecting a mutual fund scheme for investments look for recommendations from friends, browse through various tips given on different websites and take a decision based on the ratings given by different agencies. We hardly try to evaluate a scheme based on its analytical parameters. Although there are different parameters to evaluate … Continue reading Selecting Good Mutual Fund Schemes
Key To Mutual Fund Investing
You may have heard it many times when you are in the world of mutual fund investments – “Don’t time the market, steer clear of greed and envy, and be prepared to wait “. Investing smartly in mutual funds may sound harder than it really is. We have made the job easier with the following Ten Commandments … Continue reading Key To Mutual Fund Investing
While retiring from a government service and employees have an option to commute a part of their pension, is it advisable/beneficial to commute your pension?
Commutation of pension is always a good option. Firstly, the enhance rate of pension(without commuted portion) is given to next of kin upto seven years from the date of death of pensioner. Secondly, any liability can be cleared with commuted pension as one should be debt free post retirement. Thirdly,the amount equal to commuted portion … Continue reading While retiring from a government service and employees have an option to commute a part of their pension, is it advisable/beneficial to commute your pension?
Why Should We Go For Goal Based Investments ?
With stock market in correction mode for almost two months now, we are witnessing gains in our equity based portfolios getting eroded substantially, more so in mid and small cap. Nifty benchmark index has fallen 13% from its recent high and Mid & Small cap index has lost 26% and 39% respectively from their 52 … Continue reading Why Should We Go For Goal Based Investments ?
Starting at age 21, how much money should you plan to save for retirement?
Assuming following Current annual expenses, say 5 lakh. Average inflation say, 7% pa Retirement age 60 Expected life span, say 85 years Expected Return on investment after retirement say, 7% With these assumptions one would need approximately Rs 8.15 crore at the time of retirement to maintain today’s life style untill 85 years of age.
How can I invest 80 lakhs for a monthly income?
Invest in liquid mutual fund and draw monthly amount as part of systematic withdrawal plan(SWP) . You can draw Rs 46500/- every month from this mutual fund with complete protection of your capital.