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SIP News
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Taking to X, CA Nitin Kaushik has said that if people follow a certain financial freedom blueprint, they can build over Rs 1 crore and beyond, even when starting from scratch without any inheritance or fancy job.
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Gen Z often gets tagged as big spenders on food, fashion, and quick deliveries but that’s only half the story. Many young earners are shifting gears and choosing to save smart instead of splurge.
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Although starting early always has its benefits, one should, however not refrain from investing in future plans, thinking they haven't started early.
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A Redditor has shared in a post that his uncle retired at 45 with a bank balance of Rs 4.7 crore without inveting in any conventional instrument considered a couple of years ago.
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Did you know there are different types of SIPs? Choosing the right one for you can help avoid losses and make your investment more effective.
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In March alone, SIP inflows hit Rs 25,926 crore, contributing to the mutual fund industry's AUM rising to a historic high of Rs 65.74 lakh crore -- a jump from Rs 64.53 lakh crore in February.
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This marks an increase from Rs 64.53 lakh crore in February. Equity AUM saw a healthy jump of 7.6 per cent, increasing from Rs 27.4 lakh crore in February to Rs 29.5 lakh crore in March.
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Despite ongoing volatility in the stock market, assets under management (AUM) for all open-ended schemes grew marginally by 0.49 per cent to reach Rs 66.98 lakh crore from Rs 66.66 lakh crore in the previous month.
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The SIP contribution during the last month stood at Rs 26,459 crore compared to 25,320 crore in November.
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Number of new SIPs registered increased to 49.47 lakh at the end of November, as against 30.80 lakh in November 2023
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From April to August 2024, the growth rate in the SIP accounts in smaller cities for index funds (18.7 per cent) is higher than the growth rate of any other category in the industry.
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The systematic investment plans (SIPs) reached fresh highs as monthly contributions via SIPs hit Rs 23,547 crore in August, against Rs 23,332 crore in the previous month.
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In today’s fast-paced world, millennials and first-time investors face a plethora of financial products and investment avenues. Navigating this landscape can be daunting, especially with the volatility and unpredictability of markets.
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A Systematic Investment Plan (SIP) offers a structured method for investing, providing several benefits for building wealth.
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SIP contributions hit a record Rs 20,904 crore, highlighting a growing trend towards disciplined, long-term investing, the market experts said.
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The poster is viral on social media.
The company is Mumbai-based.
instead of paying a lump sum amount upfront, couples can opt for a monthly installment plan.
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While 39.3 per cent of women start investing in their 20s and 41 per cent in their 30s, 71 per cent of them stay invested for over 5 years, according to the report by FinEdge, a tech-enabled investment management company.
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Systematic Investment Plan (SIP) is not just an investment tool; it's a way to build a reliable income for your future.
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If you save just Rs 5,000 per month and invest it in PPF, Fixed Deposits, or Mutual Funds, you could potentially accumulate a fund worth a crore.
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SIPs offer a disciplined approach to investing, allowing individuals to contribute a fixed amount each month without being swayed by market volatility.
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