Its All About Money are a collection of articles with advice on the best ways to manage and grow your money!
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Benefits of Using Your PIN at POS
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SLEEP IN PEACE (SIP) is a regular savings cum investment plan that helps you make little planned savings every month. All so that you can have peace of mind.
The table below illustrates how regular investments of Rs 4,500 per month using SLEEP IN PEACE can result in a corpus of more than Rs 34 lakhs* in 20 years. This is assuming a moderate growth rate of 10% CAGR over the 20 year time period. SIP as an investment method uses the power of compounding effectively to build wealth.
*Assuming that investments are made at the beginning of each month. Monthly investment of Rs 4,500 assuming 10% CAGR; Average return for last 15 years on BSE Sensex is approx 12% (Source MFIE, as on 31 March 2010). All figures cited in the illustration are notional.
Systematic Investment Plans (SIPs) allow you to invest small fixed amounts every month thus helping you sleep in peace.Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. Risk Factors: All mutual fund and securities investments are subject to market risks and there is no guarantee that the investment objective of the scheme(s) will be achieved. The NAV of the units issued by the Mutual Fund under the scheme(s) can go up or down depending on various factors and forces affecting securities markets. Past performance of the Sponsor, its affiliates/the AMC/the mutual fund or its schemes does not indicate the future performance of the scheme(s). The sponsor is not liable or responsible for any loss or shortfall resulting from the operation of the scheme(s). Mutual Fund Investments are subject to market risks. Read the Scheme Information Document and Statement of Additional Information carefully before investing.
Service Tax component increased to 14% from June 1, 2015. This is levied on all banking charges.
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