Will your SIPs and EPF get you to ₹10 crore in 15 years?
Based on your current equity and EPF investments and monthly contributions, your corpus is likely to reach around ₹ 6 crore in 15 years. This estimate assumes annual returns of 12% from equities and equity mutual funds; and 7% from EPF.
To reach your ₹ 10 crore goal, you'll need to increase your monthly investments. If possible, adopt a step-up SIP strategy, increasing your SIP amount by around 12% each year. This method allows you to adjust with your income growth and maintain cash flow flexibility while moving closer to your target.
Your current SIPs are heavily focused on mid- and small-cap funds. While these have performed well recently and can offer higher returns, they also carry more risk. Given your long-term horizon, you should consider diversifying by adding large-cap or flexi-cap funds to your portfolio to manage risk better.
As for lump sum investments, timing matters. Many investors recently chose to park funds in liquid or arbitrage funds and used Systematic Transfer Plans (STPs) over 6–9 months into equity funds. This approach helped them average out costs amid market volatility.
Whatever strategy you adopt, continue your SIPs consistently—regardless of market conditions.
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Time of India
an hour ago
- Time of India
Labour minister Mansukh Mandaviya urges employers to utilise jobs incentive scheme
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Economic Times
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Puneet Gupta, Partner, People Advisory Services-Tax, EY India, says, 'The launch of the much-awaited new employment-linked incentive scheme - Pradhan Mantri Viksit Bharat Yojana (PM VBRY) marks a pivotal step towards shaping India's workforce of the future. By combining direct incentives for new EPF members with sustained support for employers expanding their workforce, the scheme strikes a balance between immediate job creation and long-term employment stability.' Also read: Aadhar seeding process as KYC for UAN simplified: Know about EPFO's latest changes for profile update How much employees will get Part A of Pradhan Mantri Viksit Bharat Rozgar YojanaEmployees with salaries up to Rs 1 lakh will be eligible for Part A incentives offering one-month EPF wage up to Rs 15,000 in two instalments. Employees will get the first instalment after six months of service, while they will receive the second instalment after 12 months of employment and completion of a financial literacy course. The government said it wants to encourage the habit of saving among beneficiary employees and hence, a portion of the incentive will be held in a savings instrument of a deposit account for a pre-determined period. The employee can withdraw the incentive at a later date. All first timers have to generate Universal Account Number (UAN), through Face Authentication Technology (FAT) available on UMANG App. Employers can now visit Pradhan Mantri Viksit Bharat Rozgar Yojana portal ( or and complete one-time registration process. Gupta further says, 'Under Part A of the scheme, new employees joining the Employees' Provident Fund (EPF) will be eligible for an incentive equivalent to one month's EPF wages (up to Rs 15,000), payable in two instalments. Part B of Pradhan Mantri Viksit Bharat Rozgar Yojana In Part B, the government will incentivise employers for generating additional employment in all sectors, with a special focus on the manufacturing sector. Employers hiring additional workforce will be eligible for up to Rs 3,000 per month incentive for two years for each additional employment. The incentive for the same will be extended to the third and fourth year if the employer is from the manufacturing sector' How much incentive an employer will get in scheme Employers will receive incentives for hiring new employees with salaries up to Rs 1 lakh. The government will provide up to Rs 3,000 per month for two years for each additional job created and sustained for at least six months. In the manufacturing sector, the benefit will be extended to the 3rd and 4th years as well. This scheme is expected to help create about 2.6 crore additional new get incentives, establishments, which are registered with EPFO, will be required to hire at least two additional employees (for employers with less than 50 employees) or five additional employees (for employers with 50 or more employees), on a sustained basis for at least six months. EPF Wage Slabs of Additional Employee Benefit to Employer (per additional employment per month) Up to Rs 10,000* Up to Rs 1,000 More than Rs 10,000 and up to Rs 20,000 Rs 2,000 More than Rs 20,000 (up to salary of Rs 1 lakh/month) Rs 3,000 Note: Employees with EPF wages up to Rs 10,000 will get a proportional incentive. How will government make the payment All payments to first-time employees will be made via Direct Benefit Transfer (DBT) using the Aadhaar-based Payment System (ABPS). The funds will be credited directly to their PAN-linked bank accounts. N.R. 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Synopsis Urging the employers and first-time employees to take benefit of the employment linked incentive scheme, labour and employment minister Mansukh Mandaviya said on Monday that the central sector scheme, with an outlay of nearly Rs 1 lakh crore, aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027 Source - Govt website: Labour and employment minister Mansukh Mandaviya urged the employers and first-time employees to take benefit of the Rs 1-lakh crore Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY), saying the portal for registration under the scheme is live from union cabinet had approved the employment linked incentive (ELI) scheme, announced in July 2024, last month and the scheme was formally rolled out on August 1. 'With an outlay of nearly Rs 1 lakh crore, the central sector scheme aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027,' Mandaviya said in an interaction with the media on to a government official, all the employees and employers who have enrolled under the scheme from August 1 till now will have to come on the portal to avail benefits. All employers and first-time employees are covered under the scheme, he said, adding that one can avail the incentive benefit by either registering on the portal or by uploading their UAN number on the UMANG App. While Part A of the scheme is for first-time employees, Part B supports Part A, a one-time incentive equivalent to an average one-month wage (Basic+DA) of up to Rs 15,000 will be offered to first-time employees in two employer is entitled to get incentives under three slabs. If the salary of an employee is Rs 10,000 per month, then the employer will get an incentive of Rs 1,000. The employer of an employee with a monthly salary ranging between Rs 10,000-20,000 will get an incentive of Rs 2,000. Employers whose new employee has a salary up to Rs 30,000 will get a one-time incentive of Rs 3,000.'The scheme will promote new job creation in the country and support new employees with the encouragement amount,'Mandaviya per the ministry, employees with gross wages up to Rs 1 lakh will be eligible for benefits under Part A of the scheme while Part B will provide an incentive for generation of additional employment in all sectors, with a special focus on the manufacturing be eligible under this part, establishments will be required to hire and retain at least two additional employees (for employers with fewer than 50 existing employees) or five additional employees (for employers with 50 or more existing employees), on a sustained basis for at least six per the ministry, exempted establishments under the EPF & MP Act, 1952, are also eligible for benefits under the scheme. They must file the electronic challan-cum-Return (ECR), and open UANs for all their existing and new employees using the facility provided on the UMANG App.
