6 Benefits of Investing Early | Compounding of Interest
Benefits of Investing Early.. 1. Compounding of Interest 2. Financial Independence and Retire Early (FIRE), 3. Reduced Risk 4. Achieving Goals Before Time..
Benefits of Investing Early.. 1. Compounding of Interest 2. Financial Independence and Retire Early (FIRE), 3. Reduced Risk 4. Achieving Goals Before Time..
Income Tax on SWP.. Withdrawals from SWP is taxed as STCG or LTCG. STCG tax rate is 20% while LTCG is taxed at 12.5% on profits above 1.25 Lakh in FY..
FD vs RD vs PPF vs SIP.. FD & RD are best for short term financial goals, where as PPF & SIP can help you achieve long term goals with better Returns
Benefits of SWP – covering the monthly expenses of household, travelling, achieving financial independence, retirement. SWP helps us to be financially free
Save Capital Gains Tax on LTCG (Long Term Capital Gains) by booking profits of max limit allowed (Rs. 1.25 lakh) and reinvesting the amount every financial year
SIP vs Step up SIP – So Step up SIP helps you to provide better returns compared to normal SIP mainly due to increase in your SIP deposit amount every year
Systematic Withdrawal Plan or SWP in mutual fund is a way to redeem mutual fund units in systematic way, to cover for monthly expenses. SWP helps you to save for retirement..
Long Term Capital Gains Tax.. LTCG Tax on shares or equity mutual funds having holding period of more than 1 year. 10% tax on profits above Rs. 1 lakh in FY
FD vs Mutual Funds.. FD (Fixed Deposit) is safe for your goals, Mutual funds provide better returns in long term compare to FD with some risk..
PPF vs Mutual Funds – Selecting between PPF and Mutual Fund depends on your financial goal. PPF – To Save Income Tax, Mutual Funds – To Grow your Wealth