Versuchen GOLD - Frei
Unlocking Financial Freedom with Freedom SIP: A Beginner's Guide
Outlook Money
|September 2024
Freedom SIP is the smartest way to finance your retirement because it allows you to ride the compounding rocket to build wealth, even by investing a small monthly sum.
-
The journey to financial freedom is built on disciplined investments and smart financial planning. The ICICI Prudential Freedom SIP emerges as a unique tool in this journey, designed to help individuals build wealth steadily and then enjoy a stream of secondary income to support their dreams and aspirations.
Core Concept
The ICICI Prudential Freedom SIP is a systematic investment plan (SIP) with an added layer of automation and flexibility. It allows you to invest a fixed amount regularly in a chosen mutual fund scheme for a pre-defined period. Once this SIP tenure is complete, your accumulated investments are automatically switched to a target scheme of your choice. From this target scheme, you can then initiate a systematic withdrawal plan (SWP) to receive regular payouts, essentially creating a secondary source of income. For example, a ₹10,000 monthly SIP for 30 years could potentially yield an SWP of ₹1.2 lakh oer month.
How It Works
Diese Geschichte stammt aus der September 2024-Ausgabe von Outlook Money.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Outlook Money
Outlook Money
NPS MSF Schemes: More Choice Or More Confusion?
The launch of shorter-term schemes under the Multiple Scheme Framework (MSF) of the National Pension System (NPS) has given more choice to investors, but will that breed confusion and are these schemes fit for consistent long-term savings?
5 mins
November 2025
Outlook Money
Is Silver The New Gold?
Silver, an asset once considered gold's quieter cousin is now commanding investor's attention, given its extraordinary rally this year, with prices soaring to multi-year highs and shattering previous records. But does it make sense to add a touch of silver shine to your portfolio now?
7 mins
November 2025
Outlook Money
Invest with the Rhythm of the Market
Let professionals rotate sectors as cycles turn while you stay invested steadily.
2 mins
November 2025
Outlook Money
Stop Worshipping Sips And Start Using Them For Goals Now
Set an amount, automate increases, ignore noise, stick to horizons, review annually.
2 mins
November 2025
Outlook Money
Build Wealth That Survives Cycles With Ruthless Asset Allocation Discipline
Hold equity, debt and gold in balance and rebalance when valuations stretch.
3 mins
November 2025
Outlook Money
Gold As An Investment Not Ornament
Festive buying meets modern investing as the panel explains gold ETFs, costs, risks and mindset needed to make gold work.
1 mins
November 2025
Outlook Money
How To Handle A Cashless Health Claim
With many hospitals suspending cashless health insurance option, here's how to manage your temporary cash requirement and claim for a reimbursement from your insurer later
5 mins
November 2025
Outlook Money
Invest In Gold And Silver MFs And ETFs For Tax Efficiency
I recently retired with a Provident Fund of ₹70 lakh and equity and mutual fund investments of around ₹60 lakh. I plan to sell my house for ₹60 lakh and buy a smaller apartment for ₹30 lakh.
2 mins
November 2025
Outlook Money
'We Want That Even Before You Buy A Mutual Fund, You Should Be In NPS'
Pension Fund Regulatory and Development Authority (PFRDA) chairperson S. Ramann, in an interview with Outlook Money Editor Nidhi Sinha as part of the Wealth Wizards series, talks about how the National Pension System (NPS) is moving from catering to the government sector to the non-government sector, why the regulator is focusing on larger distribution through new Multiple Scheme Framework (MSF) products, why it's important to have more choice in pension products and how NPS is turning into an end-to-end product.
8 mins
November 2025
Outlook Money
The Silent Threat: Why Being Underinsured Could Be Your Biggest Financial Mistake
In today's unpredictable world, we've learned a hard truth — life can change in a heartbeat. From the COVID-19 pandemic to rising lifestyle diseases and sudden unprecedented life event, uncertainties are everywhere.
2 mins
November 2025
Listen
Translate
Change font size