SIP or Systematic Investment Plan is a very popular and effective way of investing regularly into a mutual fund scheme. A monthly SIP in a mutual fund equity scheme can be a very good tool for planning for your future long-term goals in life and also as an effective tool to save regularly.
Usually, we often tend to delay investing even in absence of any strong reasons. And we do happily think that a few months would not matter much. But the reality is that even small delays can make a huge impact on your wealth in the long term.
SIP or Systematic Investment Plan is a very popular and effective way of investing regularly into a mutual fund scheme. A monthly SIP in a mutual fund equity scheme can be very good tool for planning for your future long term goals in life and also as an effective tool to save regularly. A monthly SIP can be started with as little as Rs.500 every month with no upper limit with the option of investing in a wide choice of mutual fund schemes - both equity and debt in nature. It is a recommended investment option suitable for every investor.
This tool can help you how much you need to invest monthly to accumulate a target amount in future.
As a responsible and caring parent, you want your child to get the very best start in life. To ensure that your child is ready for a successful life, education would play a very important role.
We understand this critical goal in your life and bring to you this "Child Higher Education" planning tool to determine the investments that you need to make in order to fulfill the dreams of your loved ones.
We often have the financial goal of accumulating a target amount in the future for the purpose of financing any business investment, charity, inheritance, or personal target. Whatever the reason, defining an objective for investments is the right way to plan your savings. One important thing to remember is to account for price rise or inflation, which decreases the value of money over time.
This tool helps you calculate the amount of investments you need to make for a targeted future amount, both with and without inflation considerations.
We often desire to have our own home and a nice car for our family. Planning for these goals is crucial early in our careers so that we can be free from outstanding loan amounts by the time we retire.
This tool helps you plan smartly for purchasing an asset, whether it's a home, car, or any property in the future.
EMI or Equated Monthly Installments are the fixed monthly payments you will need to pay to a loan provider during the entire loan duration.
The fixed EMI has two components - interest on outstanding loan and the principal repayment. During the initial years, the interest component is much higher and as the loan period progresses, the principal component starts growing. EMIs are very common as most big assets purchased by us are financed by loans like homes, cars, etc.
This tool can help you to easily calculate the EMI for your loans.
ELSS or Equity Linked Savings Scheme, a type of mutual fund scheme, is a very popular tax saving product eligible for deduction under section 80C of the IT Act. For FY 2024-25, you can claim a deduction of up to Rs. 1.5 Lakh of investments in ELSS, though there is no upper limit on how much you can invest.
Under section 80C, ELSS is the only product that offers equity exposure with potential for attractive long-term returns and the least lock-in period of only 3 years. Additionally, there is no long-term (>1 year) capital gains tax in ELSS, making it more attractive.
This tool helps you calculate the amount of tax savings by investing in ELSS.
GRL Wealth has served over 500+ clients with smart investment solutions. We are certified distributors partnered with NJ Wealth, committed to guiding you to financial freedom.
Get the latest market insights and updates from GRL Wealth directly to your inbox.