Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
Start planning Retirement from early stage
|
| ||
Retirement is often thought to be a state when one stops work ing. But in reality , retirement is a state of mind of being financially free -when one works because he/she loves to and not because he/she has to. This is the reason why retirement years are also called the golden years of life.
Currently , many lead a life as if there is no tomorrow and concentrate on spending on wants rather than needs.
When people are asked to plan for retirement, we often hear them saying, I want to enjoy now and I'll plan for it later.
But what we forget is each one of us will grow old and would need money to retire as one can be young without money but can never be old without it.
That's why for every individual retirement planning becomes an inherent need.
Planning for retirement a must With rising life expectancy, one is expected to live long -meaning a longer -retirement life than earlier. At the same time, medical costs are rising at a fast clip, which means as one ages, these costs would also rise. With a long retired life, medical expenses would be an addition to your expense kitty along with basic living expenses. Also, the nuclear family is the in thing.
So unlike their parents, the young parents of today should prepare to manage on their own when they retire.
How much would be enough for retirement?
Assuming you are 35 and your monthly expenses on basic living is Rs 35,000 (yearly Rs 4.2 lakh), with an average inflation rate of 7%, this expense will be Rs 23 lakh, Rs 45 lakh and Rs 88 lakh annually at the age of 60, 70, 80 years respectively .
Do it the SIP-SWP way A combination of a systematic investment plan (SIP) and a systematic withdrawal plan (SWP) is the best method for retirement planning and is also easy to implement.
Since retirement is a long term financial goal and if you have 20-30 years in hand, SIPs in diversified equity funds are the best bet. Also, increase your SIP amount as your income grows every year. Then as you are near retirement, slowly shift to a balanced approach using the mutual fund route and, apart from equity, add debt funds which would bring stability to your retirement corpus. Reduce the equity component gradually, but do not make it zero. When you retire, start withdrawing from the debt fund you have created in the corpus for fulfilling your retirement wish list.
In the end, remember that it's not the years in your life that count, but it's the life in those years that matters. So plan ahead of time to make the most of your golden years.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
2.Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
Posts
No comments:
Post a Comment