Is Rs 1 crore enough to retire? Here are 3 investment plans to make savings last during retirement

THE ECONOMIC TIMES Tue, Sep 10, 2019 | 08:27 AM IST ET Wealth Newsletter

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Is Rs 1 crore enough to retire? Here are 3 investment plans to make savings last during retirement On the face of it, a nest egg of Rs 1 crore appears big enough to sustain a retiree's expenses for life. PSU bank mergers: Is it actually good news for shareholders? Mergers are likely to keep state-run banks busy with the integration process for a long time. Repo rate linked loans: All you need to know From October 1, personal, housing or auto loan etc will be linked to any one of the 4 external benchmarks specified by RBI. Here's all you need to know. Consumption slowdown: How it can impact these 4 sectors and what investors should do The slump has become pronounced in recent months and experts say it may persist for a few quarters. Rivigo's disruptive scale-up model Instead of adding a thousand trucks every year, relay trucking as a service can do it in a month. Maruti's strengths become its weaknesses Maruti's strong points have been a low-cost structure, popularity among small- and medium-size business owners and first-time buyers, dominance in the entry-level segment, and rural and semi-urban markets. But those assets are proving to be a drag now. China to build massive carbon trading market The hottest summer ever to sweep the Northern Hemisphere this year is making efforts to curb global warming greenhouse gas emissions more urgent than ever. From our Partners Love travelling over the long weekends? You're not the only one! From our Partners Phone bank scams you should avoid falling for The Internet can be a dangerous place. This is mostly due to scammers, who try to steal your money by getting hold of your personal data. Investing lessons to learn from maths and gambling You could be gambling with your future not because you want to, but because you haven't thought the maths through. Financial lessons from 7 celebrity millionaires who lost a fortune Amitabh Bachchan, Boris Becker, Nicolas Cage, Mike Tyson -- they all went bankrupt. Here are money lessons you can learn from celebrities who lost a fortune. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 12.39 3.60 6.61 -0.03 Invest Now Axis Bluechip Fund-Growth ★★★★★ 10.97 2.31 6.00 -0.10 Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 10.27 -1.44 0.63 0.43 Start SIP Mirae Asset Large Cap Fund Regular- Growth ★★★★★ 9.33 -2.50 0.09 0.34 Reliance Large Cap Fund Direct-Growth ★★★★★ 7.62 -7.83 -5.28 -2.17 Invest Now FeaturedDSP Equity Savings Fund Direct-Growth ★★★★★ 5.58 0.88 1.21 0.48 Start SIP High debt companies may not be able to survive the slowdown Due to the ongoing slowdown, companies with high debts are likely to face troubles in future. Consequences of financially supporting your adult child and 3 ways to stop doing it Financially supporting a grown-up child while imperilling one's future is not wise.

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Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

Realty Hot Spot Series: Want to buy a house in NCR? Consider this well-connected Noida locality This NCR region well-connected to key areas of Noida and Greater Noida through the Expressway and Aqua Metro Line. How to calculate weighted average returns using MS Excel A combination of MS Excel functions proves effective when diverse amounts are invested across options. Things new investor should consider before making first investment It is important to first secure the income and savings against the emergencies, before committing to an investment plan. Did you know you can set up a smart house for less than Rs 30,000? ET Wealth tells you about six devices that can help you set up a smart home under Rs 30,000. Stock pick of the week: Restructuring of Reliance Industries is good news The current restructuring exercise at Reliance Industries, including sale of stake to well-known buyers and halving of debts, have made the company a favourite of analysts. Family finance: Salaried Reddy needs to stagger money goals and buy life insurance The couple's goals include building a contingency corpus, buying a car and taking a vacation, saving for their kids' education and weddings, and their retirement. Tax optimiser: Investing in debt mutual funds can help Shukla cut tax by Rs 83,000 ET Wealth tells readers how they can optimise their tax by rejigging their income and investments. MF Portfolio Doctor: Why Bhatias need to focus on saving for critical money goals The Portfolio Doctor assesses the health of the portfolio, examines the schemes and their suitability with regard to the goals and recommends corrective measures. 5 things you should know about mergers It is a voluntary agreement which combines two or more companies into one. Use this facility to start investing in SIP without visiting mutual fund office ​​The investor does not need to visit the AMC office, fill physical forms and attach proofs and payment instruments while starting a SIP.

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