कोशिश गोल्ड - मुक्त
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
यह कहानी Outlook Money के September 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Outlook Money से और कहानियाँ

Outlook Money
Can AI Help You Navigate The ITR Filing Maze?
AI is streamlining the tax filing process, providing personalised recommendations and automated document classification, but it has its limitations. Too much reliance can lead to errors and even legal hassles
6 mins
September 2025

Outlook Money
What Gen Z Should Ask Before Using AI
Gen Z is exploring AI tools, reels and other material alongside traditional advisors and textbooks, but they need to take an informed approach
4 mins
September 2025

Outlook Money
Prompt Away AI Biases, Black Boxes
Relying on AI for inputs on your investing decisions may not be in your best interest, as chatbots typically tend to give response that are likely to be overly flattering and agreeable, and align with your existing biases
5 mins
September 2025

Outlook Money
Can Your Home Be Coded To Perfection?
AI is helping homebuyers navigate the process with the help of 3D models and virtual tours, but the human element in design, aesthetics, negotiation and decision-making remains paramount
5 mins
September 2025

Outlook Money
Is The Future Of Insurance Al-Driven?
The insurance industry has adopted AI in a big way and is relying on it for several backend processes from underwriting to claims processing. However, data privacy and biased recommendations remain a concern
4 mins
September 2025

Outlook Money
Trust N.R. Narayana Murthy? First Check If It's An AI Video
One of the dangers of AI is the advent of convincing deepfakes generated by morphing images, voice notes and videos that can hoodwink you into erroneously revealing financial details or making payment to scamsters
5 mins
September 2025

Outlook Money
What Is Generative AI?
Generative AI is a subset of AI that creates new content, such as text, images, audio, or videos. Unlike traditional AI, Gen AI mimics human intelligence to analyse data, identify patterns, and create new content. It is called generative because of its ability to “generate” human-like responses to prompts. On the other hand, traditional AI, focuses on automation.
2 mins
September 2025

Outlook Money
AI In Banking: From Tokens To Talkbots
After the big wave of digitalisation, banks are entering the age of Al, which is making banking not just convenient, but smart. With strong guardrails in place, the industry is ready for its next big technological leap
5 mins
September 2025

Outlook Money
'Investment Doesn't Always Need Extra Money. It's About Where You Deploy It'
KAILASH KULKARNI, CEO, HSBC AMC, in a conversation with Kundan Kishore, shares what he did with his first pay cheque, how his career changed his relationship with money and how he later realised that starting to save early can set you up for life. His advice to new professionals is to enjoy their first salary, but also start saving—however small the amount—and remain consistent with it.
4 mins
September 2025

Outlook Money
For Fund Managers, AI Help Is At Hand
Many fund houses are using AI to crunch data, while leaving decision-making with the fund manager. To keep matters safe, Sebi guidelines mandate data confidentiality and compliance, and to keep investors informed
6 mins
September 2025
Listen
Translate
Change font size