According to the SIP calculator, a monthly investment of ₹12,000 at a 14% annual return over 18 years grows to around ₹1.2 crore. However, I believe my corpus could reach…
Category: Banking And Finance
Rule of 72 decoded: This is how long PPF, FD, SCSS and SSY take to double your money
Have you ever wondered how long it will really take for your money to double in safe investments such as PPF, FDs, Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme…
New labour codes: Why your tax burden may rise under revised salary structure – explained
The implementation of is set to change how salaries are structured, with potential implications for employees’ tax outgo. Earlier, compensation packages typically included allowances such as house rent allowance (HRA),…
NBFCs’ reliance on bank borrowings to increase in FY27 on lower interest rates
Mumbai: Non-banking finance companies’ (NBFCs) on bank borrowings is likely to rise in FY27 due to lower interest rates, a rating agency said on Wednesday. The share of bank borrowings,…
₹5,000 SIP: regular vs step-up, how a small tweak can add lakhs to your corpus
A small habit today can transform your life quietly and decide whether you retire with ₹1.7 crore or over ₹2 crore? That is the real power of sensible SIP investing…
You can accumulate ₹55.88 crore by initial savings of ₹30 a day
How to become crorepati: Genius doesn’t do different things; they do things differently. Similarly, a smart investor becomes a millionaire or a billionaire by investing wisely. For example, if a…
Transfer tax on shares, mutual funds: When it is tax-free and when it is not – explained
Investors are allowed to transfer equity shares or to family members, but the tax treatment differs from that for transfers to non-family members. In general, asset transfers in India, such…
DA hike update: Central government staff to protest on April 16
The wait for the next dearness allowance (DA) hike is getting longer, and patience among central government employees seems to be running thin. For the first time in many years,…
Gold loans soar in India, but it’s southern households leading the charge
have expanded fourfold since March 2022, emerging as the second-largest segment in the after housing loans, with an outstanding value of ₹16.8 lakh crore. However, this rapid growth has been…
Don’t let these 5 mistakes weaken your term insurance cover
Buying term insurance often feels like ticking an important box in your financial plan. It promises peace of mind that your family will be financially secure even if something happens…