How much should I invest to get 10000 monthly?
It seems you are talking about investing in a balanced fund and withdraw a fixed amount through SWP, right? If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9% annual).
Which SIP is best for 1000 per month?
Best SIP Plans for Rs 1000 per month can be a good starting point for new investors….Liquid Funds.
| Sr. No. | Fund Name |
|---|---|
| 1. | Aditya Birla Sun Life Liquid Fund |
| 2. | Nippon India Liquid Fund |
| 3. | PGIM India Insta Cash Fund |
| 4. | Mahindra Manulife Liquid Fund |
What is a good monthly SIP?
Therefore, your investments in mutual funds should be 20% of your monthly salary. If you are able to cut down on spending on wants, then you can utilise the same in increasing your mutual fund investment.
Can SIP make you rich?
SIPs earn you money through the power of compounding. Investing a small amount of money for a longer duration can get you good returns. By investing a small amount at regular intervals you can build a large corpus and meet your long-term financial goals.
How can I earn 10000 interest per month?
If you want to earn a monthly income of Rs 10,000 then you will have to make a deposit of Rs 5,07,964. On the amount that you deposited, you will get a return from the interest rate of 7 percent, which comes to Rs 10,000 every month.
Is SIP 100% safe?
Is SIP safe or not? SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund lump sum, depending on the market condition, you could end up paying a very high price for a mutual fund.
Which SIP is best for 20 years?
Best Long Term SIPs At A Glance
- ICICI Prudential Corporate Bond Fund.
- HDFC Money Market Fund.
- Edelweiss Greater China Equity Off-shore Fund.
- Franklin India Feeder – Franklin U.S. Opportunities Fund.
- PGIM India Global Equity Opportunities Fund.
- Nippon India Liquid Fund.
- Invesco India Liquid Fund.
- Kotak Liquid Fund.
Is 10 crore enough for retirement?
But, the investment has to be for long-term. On possibility to accumulate ₹10 crore by age of 50; SEBI registered tax and investment expert Jitendra Solanki said, “To create ₹10 core retirement corpus by age of 50 requires financial discipline and investment planning at the early phase of one’s career is must.
Which is better FD or SIP?
The money is typically invested in an equity mutual fund scheme. If you are new to the world of mutual funds, an SIP is one of the best investment options for you….SIP vs FD.
| Parameters | Fixed Deposit | Systematic Investment Plan |
|---|---|---|
| Type of investment | In lump-sum | In installments |
| Liquidity | High | Low/Medium |
| Risk factor | Low | High |
Which is better SIP or PPF?
Tax benefits can be availed both in PPF as well as ELSS category of mutual funds under section 80C. However, historical data suggests that a 15-year mutual fund SIP in an average fund can give you 1.5 times returns than PPF which makes it very attractive in terms of returns and liquidity.