Zee Business

1 week ago | zeebiz.com | Anamika Singh

The Employee Pension Scheme (EPS) is a retirement plan that provides a monthly pension to employees after they turn 58. It works by having both employees and employers contribute a part of the salary to the Employees' Provident Fund (EPF), with a portion of the employer's contribution going to the EPS. For an early pension, you must have attained the age of 50. Let’s find out what your monthly pension will be with Rs 58,000 as basic salary, 18, 29, and 33 years of service.

1 week ago | zeebiz.com | Anamika Singh

The PPF is a government-backed investment, making it completely risk-free. The returns are assured by the Government of India, providing a reliable option for investors, but remember you can hold a PPF account in only one individual's name. The Public Provident Fund enjoys an Exempt-Exempt-Exempt (EEE) tax status.

1 week ago | zeebiz.com | Anamika Singh

A lump sum investment means putting a large amount of money into an investment all at once, rather than spreading it out over time. It's a simple and efficient way to invest a single amount of money. This approach allows you to capitalise on market opportunities quickly, especially if you think the market is going to rise. Now, let's see how fast a lump sum investment of Rs 6 lakh can grow and reach your financial goals, such as generating a corpus of Rs 1 crore.

1 week ago | zeebiz.com | Anamika Singh

Just like certain life rules help us achieve our goals, there are formulas and rules for investing that can help us reach our targets quickly. Let's explore the 5-15-25 SIP strategy and how it can help generate a Rs 1.3 crore corpus. We will deal with simple calculations to find out what the estimated corpus amount can be at the end of the investment period. This simple yet powerful strategy requires disciplined investment, long-term commitment, and compounding returns.

1 week ago | zeebiz.com | Shriti Aniraj

Gratuity calculator: Gratuity isn’t just a goodbye bonus—it’s your ticket to long-term wealth. Starting at age 30 with a basic salary of Rs 40,000, and switching jobs every five years, you can steadily build larger gratuity payouts. When you invest these in mutual fund schemes delivering 12% returns, the power of compounding works in your favour. Even a total investment of just Rs 4.93 lakh can grow into a retirement corpus worth over Rs 1 crore. Here’s how this simple plan unfolds.