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How to save Rs 1 crore in 10 years, 15 years, 20 years: Check how much you need to invest every month
Path to becoming a crorepati? Owning Rs 1 crore is an investor's dream. Strategic investments, like SIPs in equity funds, can help reach that goal. Regular investing and a long-term view are crucial. Even a Rs 1,000 SIP can grow substantially over time, thanks to compounding. Disciplined investing is key to turning your crorepati dream into reality. Here is how to accumulate Rs 1 core from mutual fund SIPs in 10 years, 15 years, 20 years and 25 years.
ET Mutual Funds Explain: How to calculate future value of your lumpsum investments
The lumpsum calculator is a financial tool that is designed to estimate the future value of a one-time investment. The calculator is a financial tool to assess the prospective returns that a significant amount of investment can give at the end of the tenure or on the maturity.
Ice Age explained! New research unravels mystery of cosmic cloud. Details here
Research proposed that an interstellar cloud impacted the solar system. The team is using modern models to measure the impact.
ET Mutual Funds Explains: Want to know how many years will your investment take to double? Use Rule 72
This method provides an accurate measurement. It is more helpful when an investor uses lower interest rates rather than the higher ones. It is more used for situations which involve compound interest. The one which involves a simple interest rate does not work well with this method.
80% rule for retirement savings: How much money should you save to retire comfortably?
Planning for retirement is crucial to avoid financial problems later in life. Experts recommend setting a savings goal and following some simple guidelines for a secure retirement. To achieve this, it's important to start saving early, manage debts, and make wise investments. Assessing projected retirement income and accounting for inflation is vital to determine how much savings are required.
5 things to know before investing in Sukanya Samriddhi Yojana (SSY): Eligibility, documents required and more
Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage.
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AI based death calculator Life2vec warns of massive fraud
Artificial Intelligence based death predictor Life2vec has issued a warning against imposters. Tool is yet to be released for the general public.
Rates of RBI Floating Savings Bonds offering 8.05% to be reviewed soon; will it change from January 1, 2024?
The interest rate of RBI Floating Rate Savings Bonds (FRSB) 2020 (Taxable) is linked to the interest rate of the National Savings Certificate (NSC), a small savings scheme offered by the Union government. The bond will pay 0.35% higher than what NSC offers. The interest rate of RBI Floating Rate Savings Bonds is due for revision on January 1, 2024. Will the interest rate of RBI Floating Rate Savings Bonds go up or come down next year? Read here to find out
ET Mutual Funds Explains: How to calculate your retirement corpus?
The correct calculated decision today can save one from unfortunate scenarios post retirement. Thus calculating the right amount for retirement is very important. Calculating your retirement corpus is a multi-step process.
Tata... Hello! Group back on D-Street, plans to launch several IPOs in 2-3 years
Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others.
Traffic chaos in capital? No surprise as nearly 80 ageing buses break down in Delhi daily: Police data
DTC buses in Delhi frequently break down, causing chaos. Plans to replace old buses with electric ones to alleviate the issue. The buses are crucial for NCR residents, carrying over 41 lakh passengers daily.
Olivia Munn health update: How is actress after being diagnosed with breast cancer?
Olivia Munn's breast cancer news has shocked fans and they are curious about the actress' health.
Leap Years: Why do we have them? Who invented them? How are they calculated? Exploring the once-in-4-year event
Delve into the world of Leap Years to uncover their significance and origins. From ancient civilizations to modern calendars, discover the evolution of this once-in-four-year event. Explore why we have Leap Years, who introduced them, and how they are calculated. Gain insight into their impact on our calendars and the harmony they bring to our earthly cycles."
Taylor Swift announces new song 'The Albatross'. Check release date
Taylor Swift's new track "The Albatross" is coming soon as the Grammy Awards winner is gearing up to release "Tortured Poets Department".
Income Tax Saving: How to get Rs 70 lakh from Sukanya Samriddhi Yojana by investing Rs 12,500 every month, save tax
Income tax saving: Sukanya Samriddhi Yojana (SSY) can help you with a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. It offers an attractive interest rate of 8.2% for the January to March quarter of 2024. What are the benefits and limitations of SSY? How much money can you make from this popular post office scheme?
Income tax saving for FY 23-24: How salaried taxpayers can claim deduction of up to Rs 3.35 lakh without HRA, loan
You can claim certain income tax deductions under different heads and therefore reduce your overall income tax liability. Section 80C of the Income-tax Act, 1961 is one of the most widely used deductions that offers a deduction of up to Rs 1.5 lakh in each financial year. But, there are others deductions as well that you can claim and lower your income tax outgo. Check what are the deductions that you can claim in FY2023-24.
Retirement planning: 10 simple steps to calculate your ideal retirement corpus
Saving for your retirement: The essence of retirement planning can be distilled into two fundamental aspects: saving as much as possible and making wise investment decisions.
How to apply for home loan, calculate cost, pre-close
Taking a home loan? Here is all you need to know.
Are you financially ready to buy a house worth Rs 50 lakh-Rs 70 lakh? Here's your checklist
From down payment to equated monthly instalments (EMIs) to location to additional cost for registrations, you need to consider a range of factors before you sign on the dotted line on a home. If you are asking yourself "am I ready to buy a house?", and if you are a first-time buyer, it would be wise to make a checklist before starting the process. But before you start the process ask yourself if you earn adequately to buy a property.
Leadership Challenges in the Digital Age: Navigating Disruption
The digital age presents various challenges for leaders, including keeping up with technological advancements, managing remote teams, addressing data privacy and cybersecurity concerns, and staying ahead of industry disruptions. To overcome these challenges, leaders should embrace lifelong learning, develop digital literacy, foster innovation, prioritize cybersecurity, lead by example, build agile teams, communicate effectively, make ethical decisions, invest in talent development, and collaborate and network with peers. By implementing these strategies, leaders can navigate the digital age successfully and emerge stronger.
Want to borrow money? Smart tips to get the best personal loan, home loan
ET Wealth looks at smart ways to borrow and offers tips to those planning to take a loan. We also tell you about the tricks that lenders use to lure customers. Here are some things to keep in mind while borrowing money.
How much should a 40-year old invest now in NPS to get Rs 2 lakh pension per month after retirement?
NPS for retirement planning: NPS has emerged as one of the most popular tools for retirement planning and investment. Your returns from NPS will decide how much corpus you can accumulate. Let us say you have just turned 40. You have 20 years to accumulate a lump sum in NPS. If you want to earn a Rs 2 lakh pension per month from your NPS investment, here is how much contribution you must make now.
Discover the right insurance coverage through a calculated & scientific approach
Holding sufficient insurance coverage is always a crucial financial decision. The Covid pandemic emphasized its importance even further. However, the Economic Survey 2022-23 has raised a red flag associated with the customer’s preference for an investment-linked life insurance cover. It further highlighted that most life covers that are being sold have a small protection component and therefore carry a significant financial gap. So, that raises one question, “How much life insurance coverage will be adequate that provide financial support to your family in the event of the unexpected?”
The journey begins: A step-by-step guide to applying for a home loan
Applying for a home loan can be overwhelming, but this step-by-step guide can help simplify the process. It is important to research and compare lenders to find the best deal. The application can be done online or in person, and certain documents need to be attached
At 7.5%, 5-year post office time deposit (POTD) offers higher interest rate than major bank FDs; should you go for it?
Interest rate of post office time deposits (POTD) which matures in five years, has touched 7.5 per cent for the July-September quarter of 2023. The post office time deposit is similar to bank fixed deposits. Backed by the government, the money in the post office term deposits is completely protected, with guaranteed returns. When compared to five-year tax saving fixed deposits (FDs) of major public and private sector banks, 5-year post office time deposits offers a higher interest rate. Should you invest in 5-year POTD or 5-year bank fixed deposits? Let's find out
The road tax handbook: A complete guide to understanding road tax for vehicle owners in India
In India, road tax is levied by both the Centre and state governments. However, road tax is essentially a state-level tax since the cost of maintenance of local roads is borne by the state governments. Road tax can be paid both offline and online in India. Vehicle owners must note that without producing an active vehicle insurance policy, individuals are not allowed to make road tax payments.
What is the formula to calculate EPS pension
The formula to calculate pension under Employees' Pension Scheme (EPS) was tweaked by the Employees' Provident Fund Organisation (EPFO) in 2014. Further, the EPFO has released a circular clarifying the method of pension computation for those who opt for higher EPS pension. Read on to know the formula for EPS pension calculation.
Want a longer home loan tenure of 40 years for lower EMIs? Be ready to pay 133% higher interest
Bajaj Housing Finance has recently extended the maximum tenure on its home loans to 40 years from 30 years for salaried borrowers. For a 40-year home loan, the company now offers equated monthly installments (EMIs), starting at Rs 733 per lakh. Longer tenure helps you bring down the EMI amount. Isn't a 40-year home loan with lower EMI an attractive deal, considering you have 10 more years to repay the loan? Probably not. Know why
NPS withdrawal rule set to change: Soon you can opt for periodic withdrawal instead of lump sum
At present, once an NPS subscriber turns 60, she can withdraw up to 60 per cent of the retirement corpus as a lump sum. Now, PFRDA is planning to offer NPS subscribers the flexibility to not withdraw 60 per cent corpus, instead letting it be with NPS and get it back in a staggered manner till the age of 75. PFRDA is likely to implement the Systematic Lumpsum Withdrawal (SLW) option by the end of this quarter, Deepak Mohanty, PFRDA chairman, told ET Wealth.
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