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Compounding refers to the reinvestment of earnings at the given rate of return to constantly grow the principal amount, year after year
A thought-through savings plan will ensure the longevity of fund reserves while fostering a culture of sound personal financial management
It is all about your spending habits and if an individual keeps an eye on spendings, it will help him or her in the long run
Your overall asset allocation is based on your age, risk appetite and financial objectives
Where do women investors park their money; Groww survey
Women must actively participate in investment decision-making for their own financial goals as well as those pertaining to their households
A survey found that 57% of younger millennial women are investing mainly towards their personal goals
The top-up could either be a percentage of your existing SIP amount, for instance, 10%, or it could be multiples of a minimal amount as defined by the mutual fund
Allocation ratio is decided by the financial planner after considering various aspects like risk-return profile of the asset class, objectives and financial goals of the investor, investment horizon, etc
If interest rates rise you would need to alter your investment strategies in fixed income since most investors have got used to falling interest rates in recent times.