A SIP is a disciplined approach to investing a fixed amount regularly in mutual funds. It helps create wealth over time by automatically deducting the amount from your bank account.
Start a SIP with as little as ₹100, making mutual fund investments accessible for everyone.
An STP lets you transfer a fixed amount or units between mutual fund schemes at regular intervals, providing seamless portfolio reallocation.
SWP allows periodic withdrawals from mutual fund investments, offering a steady income, particularly useful for retirees or those needing regular funds.
An NFO is the launch of a new mutual fund scheme by an Asset Management Company (AMC), where investors can subscribe to units during a specific period.
Entry load is a fee charged when investing in a mutual fund, while exit load is imposed when redeeming investments. These charges impact the overall returns.
XIRR (Extended Internal Rate of Return) calculates returns on investments made at irregular intervals. It's particularly useful for SIPs, as it considers the timing and amount of each investment.
CAGR (Compound Annual Growth Rate) calculates the annualized return for investments over a specified period, assuming constant growth, making it ideal for regular investments.
XIRR is used for investments with irregular cash flows, while CAGR calculates returns for regular investments assuming steady growth. XIRR provides a more accurate return for systematic investments.
Retirement planning involves identifying financial goals and creating an investment strategy to ensure a secure and comfortable retirement. Mutual funds and NPS are popular retirement planning tools.
Tax planning involves optimizing investments to reduce tax liabilities. Instruments like ELSS mutual funds, PPF, and NPS offer tax benefits under Section 80C of the Income Tax Act.
Wealth management is a holistic approach to managing an individual's or family's financial assets, including investments, tax planning, retirement planning, and estate planning, to grow and preserve wealth.