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Investment Personal Finance

PPF vs SIP: PPF Vs SIP. With savings of Rs.200 per day.. Which scheme can become a millionaire quickly?

Byadmin December 19, 2023December 19, 2023

PPF vs SIP: Do you want to become a millionaire?However, do not understand what to invest in both the Central […]

Investment Personal Finance

If you invest Rs.1 lakh.. in how many years will it double or triple? Find out for yourself!

Byadmin December 19, 2023December 19, 2023

Investment: Hard earned money is invested in various ways for the future. There are many ways like banks, stock markets, mutual […]

ICICI has introduced a new scheme called Freedom SIP. Actually it can be said to be a combination of Systematic Investment Plan (SIP) + Systematic Withdrawal Plan (SWP). If you want to invest in mutual funds.. you have to choose a specific period. According to a method, certain amounts should be invested. After completion of your intended tenure, you will receive a large sum of money. This is called sip. But ICICI Prudential Mutual Fund has added a systematic withdrawal plan to this. After completion of tenure you withdraw a fixed amount monthly instead of taking a large amount at once. This is called Systematic Withdrawal Plan. The remaining money is reinvested in a target scheme. This money will get returns again. According to ICICI Funds website.. Suppose you invest Rs.10 thousand every month for 8 years. After your chosen tenure, you can make systematic withdrawals of Rs.10,000 per month. If your SIP tenure is extended to 10 years.. your monthly SIP with draw amount is Rs. 15,000 will increase. If you continue the same formula for 30 years, you can withdraw up to Rs.1.20 lakh every month. Of course the compounding effect is at work here. That's why the time period has increased a little.. your income has also been increasing.

Personal Finance

A scheme that gives high returns on your money.. Do you know about ‘Freedom SIP’?

Byadmin December 6, 2023December 6, 2023

Freedom SIP: There are many options to invest in mutual funds. Systematic investment plan SIP is very popular among them. But have […]

Personal Finance

Rs. 5.52 lakh Crores Of Big Businessmen’s Loans Cancelled!

Byadmin December 6, 2023December 6, 2023

Bank Loans: Banks in the country are lagging behind in debt collection. Due to this, NPAs are increasing and loans are […]

Mutual fund Personal Finance

Can I Withdraw Rs.20 Thousand Per Month After Investing Rs.20 Lakh in Mutual Funds?

Byadmin December 1, 2023December 1, 2023

Mutual Funds: The number of people investing in mutual funds is increasing significantly. However, they are investments with market risk. Investing Rs. […]

Business Personal Finance

Did You Know You Can Pay LIC premium from your pf account? How to link..!

Byadmin November 29, 2023November 29, 2023

EPFO: Struggling to pay your LIC policy premium every month? But this is for you. Paying LIC premium every month is very […]

Tricks Personal Finance Savings

Hallmarking is Mandatory For Gold Jewellery: How To Recognize. How About Compensation, Charges?

Byadmin November 26, 2023November 26, 2023

Hallmarking of Gold: It is known that the Center has brought new rules for gold jewellery. The government has brought a […]

Personal Finance Loan Savings

What is CIBIL Score? How much should it be? How is this calculated?

Byadmin November 26, 2023November 26, 2023

CIBIL score.. to take any loan.. to get a credit card.. it is mandatory for many other things in future. CIBIL […]

Insurance Personal Finance

Know About 5 Key Life Milestones in life insurance

Byadmin November 23, 2023November 23, 2023

Life insurance is absolutely necessary for everyone in our daily life. Not only does it always accompany us.. it also protects […]

Investment Personal Finance

Way To Become A Millionaire Mutual Funds Are Possible With 15x15x15 Formula learn How

Byadmin November 17, 2023November 17, 2023

What is 15x15x15 Rule In Mutual Funds? Investment: Do You Dream Of Becoming A Millionaire? The Way To Make That […]