Can investing in mutual funds provide enough savings for retirement?
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Can investing in mutual funds provide enough savings for retirement?
If so, how much money would be needed?
or should i go for SIP
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https://www.desidime.com/discussions/can-investing-in-mutual-funds-provide-enough-savings-for-retirement?page=1#post_10069070
Depends on age and income. Do state yours.
If you are in your 20s, 30s and above sip is the way to go. Invest more in equity than debt.
Lumpsum after your emergency fund creation is encouraged.
If you are in your 20s, 30s and above sip is the way to go. Invest more in equity than debt.
Lumpsum after your emergency fund creation is encouraged.
https://www.desidime.com/discussions/can-investing-in-mutual-funds-provide-enough-savings-for-retirement?page=1#post_10075683
if your target is retirement planning, opt for NPS. Its a combination of 3 mutual funds combined into 1 with admin charges lower than normal mutual funds
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Lots of factors, current age (starting to invest), risk profile, SIP/lumpsum amount...etc.
But, yes, better than most money instruments if planned and done rightly...