Recently one of well known finance professional Manoj Nagpal conducted online poll about significance of number of units.The poll was like this: In fact there are 2 ways to look at the aspect about number of mutual fund units. Aspect 1: Consider SIP in two different funds having different NAVs Consider Fund 1 with NAV…
What Is SWP – Systematic Withdrawal Plan – Benefits & Risks:
My friends uncle retired recently.He has received retirement benefits of nearly 40 lakh. He want to make some provisions of monthly income (Rs.40,000 per month)throughout retired life.Now he has following options to get periodic income benefits. Senior Citizen Savings scheme (Quarterly income). Fixed deposit – Non Cumulative. Immediate annuity from insurance company. Periodic dividends from…
Lumpsum & STP Returns Comparison-Initiated At Market Peak:
Generally, investor has two options to invest lump sum in mutual funds.First is to invest directly in equity mutual fund and other is to invest lump sum in liquid fund & then transfer fixed amount systematically in equity fund. 2008 market crash is well known & wild swings can affect the overall performance of funds.We…