Split the savings between a mix of government-backed schemes, mutual funds & more. Know how much you can invest out of 30,000 & how much you can earn.

Broadly, there are four possible reasons why the SIP could be outperforming. Remember, 3 years is still a very short time to evaluate returns on equities.

Your pressures at your work place may be tight enough to leave you with little spare time to worry about how to create a second stream of income. That is when you have to make money work hard for you. Let us look at two such approaches.

The more you use your card, the more points you will earn and therefore the more you will stand to benefit. All that is fine, but you first need to know what the banks charge for your credit card. Do you really know the effective cost of your card?

The concept of future planning is changing from saving your salary to investing your salary. When you receive your salary, you obviously have some fixed commitments.

Capital gains on debt funds were classified as long term if they were held for a period of more than 1 year. But first, what is this FMP all about?

How do you address the problem of negative returns on mutual funds? Here is a 5 step model.

These are the kinds of stories that look like fairy tales but then they are absolutely real. At the same time there are equity mutual funds that can help you generate huge wealth if you systematically do an SIP for a period of 20-25 years.

A Fixed Maturity Plan (FMP) is a closed-ended fund that invests predominantly in debt instruments. Since it is a closed ended fund, it is able to invest in instruments that precisely match with the tenure of the FMP in terms of asset maturity.

We all know how systematic investment plan (SIP) works. You put a small sum each month into equity funds and it has the potential to growth into a big corpus at the end of 15-20 years.