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TimesLIVE
3 hours ago
- Business
- TimesLIVE
EU energy funds do not, and will not, dictate SA's energy mix: Ramokgopa
Minister of energy and electricity Kgosientsho Ramokgopa has told parliament that the $5bn (R88.6bn) funding package the EU announced for South Africa does not come with conditions that will restrict the use of any energy technology. The minister said this in a written reply to a question from EFF MP Carl Niehaus, who asked whether the financial package from the EU includes conditions that restrict South Africa from developing new coal and nuclear power projects. He also asked the minister what the department's position was regarding the energy mix and whether the government had a concrete strategy for using the funds to enhance energy security, industrial capacity and economic development. Ramokgopa said the financial support announced by the EU was part of South Africa's broader Just Energy Transition (JET) Investment Plan, which is 'a country-owned and country-led framework'. He said South Africa had its priorities in transitioning towards a low-carbon, climate-resilient economy. 'The specific financial contributions referenced, including grants, concessional loans and technical assistance instruments, do not contain conditions that explicitly prohibit or restrict the republic from pursuing new coal or nuclear power developments.' The EU announced the package for South Africa in the spirit of supporting the country's transition from fossil-fuel intensive power production to low-carbon energy sources. However, these kinds of arrangements have been construed as being prescriptive on the receiving countries when it comes to the type of energy they invest in. Ramokgopa said South Africa retains full sovereign discretion over its energy policy choices and mix, as affirmed in the Integrated Resource Plan (IRP), which is under review and remains the central planning tool for energy investments. 'While the EU, like other development partners, may align its financial instruments with its internal climate policies, these do not translate into binding conditions on the republic's policy space.' He said South Africa's energy policy remains firmly guided by the principles of security of supply, affordability, environmental sustainability and technological neutrality. 'Coal repurposing, clean coal technologies and nuclear energy, including new generation and life extension programmes, continue to be part of our planning mix as supported by national legislation and policy.' He stressed that the government has adopted a structured, cross-cutting governance framework to oversee the implementation of the JET Investment Plan.
Fashion Value Chain
13 hours ago
- Business
- Fashion Value Chain
How SIP in Mutual Funds Can Help You Achieve Financial Freedom in the Long Term
Financial freedom is the ability to make life choices without being constrained by financial stress. Whether its retiring early, pursuing a passion, or investing for your familys future, financial freedom means having the resources to support your goals. One way to work towards this goal is by investing consistently in mutual funds through a Systematic Investment Plan (SIP). SIPs can help build wealth in the long-term What is a SIP in mutual funds A SIP is a method of investing in a mutual fund scheme where you invest a fixed amount at regular intervals, usually monthly or quarterly. It brings discipline to investing and eliminates the need to time the market. Instead of investing a lump sum, SIPs allow you to build your investment gradually over time. When you invest via SIP in a mutual fund, you buy units of the scheme on a specific date each month, regardless of market conditions. Over time, this results in rupee cost averaging, meaning you buy more units when prices are low and fewer when prices are high. This helps in averaging out your purchase cost and potentially reducing the impact of market volatility. How SIPs contribute to long-term wealth creation The power of compounding is one of the key benefits of SIPs. Compounding refers to the growth of your investments as returns begin to generate further returns over time. The earlier you start, the more time your money has to grow. *For example, an investment of Rs 5,000 per month in a mutual fund SIP plan over 20 years, assuming an average annual return of 12%, can grow to over Rs 50 lakh. By investing regularly and staying invested for the long term, SIPs allow you to accumulate wealth in a structured and disciplined manner. *For illustrative purposes SIPs align with your financial goals SIPs can be tailored to meet a variety of financial goals, from saving for a child's education, buying a home, to building a retirement corpus. You can choose mutual funds that align with your risk appetite and investment horizon. For short to medium-term goals, you may consider investing in debt or hybrid mutual funds. For long-term goals, equity mutual funds can offer higher growth potential. SIPs help in mapping your financial goals to suitable investment options and allow you to track your progress over time. SIPs offer flexibility and convenience One of the biggest advantages of SIPs is the flexibility they offer. You can start with as little as Rs 500 per month generally, making them accessible to a wide range of investors. You can increase your SIP amount over time, pause or stop the SIP if needed, or switch between schemes based on your changing financial needs. SIPs are also convenient to set up and manage, most mutual fund houses and platforms allow online registration, tracking, and modification. With auto-debit options, the investment process becomes hassle-free and consistent. SIPs reduce emotional decision-making Investing through SIPs can help reduce emotional reactions to market fluctuations. During periods of market volatility, investors may be tempted to redeem their investments out of fear. SIPs promote disciplined investing by encouraging you to stay invested regardless of short-term market movements. Over the long term, this discipline can lead to better outcomes than trying to time the market, which is often difficult and counterproductive. Staying committed to your SIP strategy While SIPs are a useful tool, their success depends on your commitment and consistency. Here are a few tips to stay on track: Link your SIPs to specific financial goals Review your mutual fund portfolio periodically Step up your SIP amount as your income grows Avoid discontinuing your SIP during market downturns SIPs work when you stay invested through market cycles. Over time, this approach can help you navigate volatility and build wealth gradually. Conclusion Achieving financial freedom is not about chasing the highest returns or making one-time big investment. It's about making informed, consistent choices that compound over time. A mutual fund SIP plan offers a simple, disciplined, and flexible way to invest towards your financial goals. By staying invested, choosing funds aligned with your risk profile, and increasing your contributions as your income grows, SIPs can play a key role in helping you achieve financial independence. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Yahoo
19-05-2025
- Business
- Yahoo
Bajaj Finserv Asset Management Announces Guide: 'SIP Planning for Unpredictable Incomes – A Path to Consistent Investing'
PUNE, India, May 19, 2025 (GLOBE NEWSWIRE) -- If you're a freelancer, artist, consultant, or someone who doesn't get a fixed salary every month, managing your money can feel tricky. One month might be great, and the next one might be slow. But even with this kind of income, you can still invest and grow your money steadily. That's where SIPs, or Systematic Investment Plans, come in. In this guide, we'll walk you through how to plan SIPs even if your income goes up and down. The idea is to stay consistent with your investments, even if the amount you invest varies from time to time. What is an SIP? A SIP (Systematic Investment Plan) is a way to invest regularly in mutual funds. Instead of putting in a large amount all at once, you invest small amounts at regular intervals, usually monthly. It helps you stay disciplined and grow your money over time without needing a big sum to start. Why SIPs make sense for irregular income earners Even if your income is not stable, SIPs can still work for you. Here's why: You can start small: SIPs don't require big investments. You can start with as little as ₹500 a month in general. You can pause and resume: Most mutual fund SIPs allow you to pause your investments if needed and start again when your cash flow improves. You can increase the amount later: Once you start earning more, you can step up your SIP amount easily. It brings financial discipline: When you commit to investing regularly, you slowly build a habit of saving and planning ahead. How to plan SIPs with an unpredictable income Here are some simple and practical tips to help you set up and maintain a SIP, even when your income isn't fixed. 1. Start with a small amount Don't wait until your income becomes stable to start investing. Begin with what you can afford – even ₹500 or ₹1000 a month. The goal is to build the habit first. 2. Use flexible SIP options Some mutual funds for SIP offer features like flexi SIP, where you can change the amount you invest based on your monthly income. This gives you more control during months when you earn less. 3. Save during high-income months When you have a good month, try to save more. You can either invest extra through a lumpsum or adjust your next few SIP amounts. This balances out the low-income periods. 4. Keep an emergency fund Always have 3 to 6 months' worth of expenses in a savings account or liquid fund. This will keep your SIPs going even when your income dips, and it prevents you from stopping your investments during tough times. 5. Choose a suitable mutual fund Go for funds that match your risk level. For example, equity mutual funds ,may offer long-term growth, but they can be volatile. If you want lower risk, consider hybrid funds that mix equity and debt. 6. Using tools to plan better When your income is not regular, it's important to plan ahead. Online tools like an SIP calculator can help you understand how your money will grow over time based on how much and how often you invest. On the other hand, if you ever need to start withdrawing a fixed amount each month from your mutual fund, you can use an SWP mutual fund calculator to see how long your money will last. SWP stands for Systematic Withdrawal Plan. It's like the reverse of a SIP and useful when you need a steady income from your investments later in life. Track and adjust as needed It's okay if you miss an SIP or need to change the amount. What matters is that you keep checking in on your progress. Once a quarter, look at your investments, see how they are doing, and decide if you want to increase or decrease the amount. The key is consistency, not perfection. Common mistakes to avoid Stopping SIPs after one bad month: It's okay to skip, but don't give up completely. Resume when you can. Not tracking spending: Unpredictable income needs better budgeting. Know where your money goes. Investing without a goal: Whether it's buying a laptop, saving for rent, or building a safety net, have a goal in mind. Conclusion SIP planning is not just for people with fixed incomes. Even if your earnings go up and down, you can still invest regularly and build wealth over time. The trick is to start small, be flexible, and stay consistent. By choosing a suitable mutual funds for SIP, saving more during high-income months, and using tools like a SIP or SWP mutual fund calculator, you can take control of your finances – no matter how unpredictable your income is. So don't wait for the 'perfect time' or a fixed paycheck. Start your SIP journey today, one step at a time. Contact Info: 18003093900 Name: Gaurav Parmar Email: Organization: Bajaj Finserv Asset Management Disclaimer: This press release is provided by the Bajaj Finserv Asset Management. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. 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Time Business News
13-05-2025
- Business
- Time Business News
Top 3 Benefits of SIP for the Best Mutual Fund Portfolio
The high-speed financial world of today helps to achieve stability in building wealth. Among the most effective ways to achieve this is through mutual fund SIPs (systematic investment plans). SIPs are very popular today for their potential to create long-term wealth while simultaneously minimising risks arising from market fluctuations. We will talk about how SIPs work, their merits, and how you can combine them with the best mutual fund portfolio to drive you toward your financial goals, in this blog. SIP is the short form of a Systematic Investment Plan. In simple terms, it refers to investing in mutual funds on a regular basis. This means that through this facility, you can be able to contribute a fixed amount at a given period, which includes monthly, quarterly, or even half yearly. Due to systematic planning, your investment extends, and consequently, the risk from market vagaries is eliminated. This has always been considered one of the trusted tools for building the best mutual fund portfolio, focusing on long-term wealth accumulation but with minimal stress. Therefore, investing becomes a lot easier and simpler via SIPs, even if the markets are volatile. SIP means Systematic Investment Plan, which is whereby a sum of money is debited or drawn every month or at regular intervals to be invested in a particular mutual fund scheme of your choice. But here comes the best of it – it is not necessary for you to take considerable trouble with an alteration of the market and the art of market timing. Whether the market is up or down, SIP will continue investing your money regularly, thus ensuring you buy more units when prices are low and fewer units when prices are high, which in turn leads to an effective averaging of your investment. Let's break down the top three benefits of SIPs and see how they help build the best mutual fund portfolio. One of the primary advantages of SIP is to stand market fluctuations. Markets go up and down; it is impossible to invest at the right time. However, SIPs allow you to not depend on the timing of the market. When market prices are low, more units of the mutual fund are bought, and when market prices are high, fewer units are bought. This strategy is known as rupee cost averaging or averaging the cost of units over time. In this process, risks associated with market volatility are minimized while building the best mutual fund portfolio in terms of long-term gains. One of the unique advantages of SIP is the building of a substantial corpus over time with small, periodic investments. A mutual fund can be purchased with as little as ₹500 per month. The flexibility in SIP makes it an essential tool for constructing the best possible mutual fund portfolio, especially for new investors or those on a tight budget. The compounding effect also applies. Mutual funds being reinvested, your returns start earning returns, thereby creating exponentially growing wealth. The sooner you begin, the more time your money has to grow and compound, thus leading to great wealth in the long term. The most significant advantage of SIPs is that they help you develop financial discipline. This way, you make saving important in life and not something done subsequently. This disciplined approach helps you build the best portfolio of mutual funds while maintaining a balanced life financially. Since SIPs are flexible, you can adjust the amount according to the prevailing financial situation. Moreover, you can stop or pause a SIP without any penalty, making this kind of investment stress-free. So many other benefits make the SIP a wonderful investment in building up diversified and strong portfolios of the best mutual fund portfolio. Here are a few more reasons why you should invest in SIPs: Convenience : As far as the process of investing is concerned, SIPs are easy to set up and require minimal maintenance. In fact, the whole process becomes automatic after its commencement and, therefore, is less hassle-intensive. : As far as the process of investing is concerned, SIPs are easy to set up and require minimal maintenance. In fact, the whole process becomes automatic after its commencement and, therefore, is less hassle-intensive. Diversification : SIPs provide an opportunity to diversify the asset classes, sectors, and geographical locations of mutual funds. : SIPs provide an opportunity to diversify the asset classes, sectors, and geographical locations of mutual funds. Tax Benefits: However, there are few MF Schemes that offer tax benefits under section 80C of the Indian income tax. Hence, SIP is an excellent tax-saving option. However, there are few MF Schemes that offer tax benefits under section 80C of the Indian income tax. Hence, SIP is an excellent tax-saving option. No Lump Sum Investment Needed: One does not need some sort of small fortune to invest in. With a little small investing, one can build a good mutual fund portfolio over a period of time. Yes, as the SIP investments carry market risks since mutual funds get invested into stocks, commodities, etc. The long-term nature of SIP helps mitigate the risks associated with it, even if one tends to stick to the plan when there are short-term fluctuations. In fact, SIPs have been proven to provide stable returns over time and form a strong constituent of the best mutual fund portfolio. Can I Withdraw SIP Anytime? Yes, most mutual fund schemes allow the withdrawal of SIP at any time. However, it needs to be noted that the exit load (penalty) will be levied if the investment is redeemed within the first year. After that, you can withdraw your amount without any penalty. There are several types of SIPs: monthly, quarterly, and yearly. You can choose according to your investment aims and risk profile. Among them, a monthly SIP is one of the most common. Due to their ability to balance any kind of volatility in the market and still manage to grow the best mutual fund portfolio for long-term growth, people would be highly inclined towards SIP. In conclusion, SIPs provide disciplined investment options with relatively low risk to increase wealth over the long term. Therefore, it should be a part of any mutual fund portfolio. SIPs also assist you in making the right investments in a market through compounding, rupee-cost averaging, and a consistent investing approach. Thus, in order to improve the efficiency of your investment plan, Wright Research offers the best mutual fund portfolio with AI-built analytics and suggestions for further SIP investment. This is based on the algorithms that have been developed to help you stay on track to reach your financial objectives. So why wait? Choose Wright Research today to build the right mutual fund portfolio for you through the latest analytical tools and Wright Research expertise. TIME BUSINESS NEWS
Business Upturn
08-05-2025
- Business
- Business Upturn
The hidden wealth formula: How the power of compounding calculator can supercharge your mutual fund investments
Ever thought of how small investments can grow into a fortune over the long term? The power of compounding is the secret behind this. When it comes to mutual fund investments, compounding ensures that your returns yield higher returns, creating a snowball effect. But how do you calculate this growth? Here's where the online compounding calculator comes into play. Let's understand how this financial tool can act as a transformative asset for retail investors. The advantage of beginning early Time is an essential factor in mutual fund investment. The earlier you start investing, the greater the benefit you get, thanks to the power of compounding. Even a meagre investment done early through a Systematic Investment Plan (SIP), can outgrow a bigger investment done later. For example: Investing ₹5,000 every month in an SIP for 30 years at a return rate of 15% can grow to over ₹2.81 crore. If the same investment is started after 10 years (for just 20 years), the final amount would fall to around ₹66 lakh. This massive difference shows why early investing is crucial. The compound interest calculator visually shows this and motivates you as an investor to begin as soon as possible. Accurate growth estimation One of the biggest challenges for retail investors is predicting how much their investments may grow in the upcoming times. A compounding calculator helps by offering an accurate estimate based on a few inputs: Initial investment: Amount invested at the beginning. Expected return rate: Expected returns depend on past performance. Investment time period: Tenure for which the funds stay invested. Compound interval: Compounding frequency, such as monthly, quarterly, or annually. Once these details are inputted, the calculator calculates future wealth accumulation instantly. This allows you to make well-informed decisions. It eliminates guesswork and endows a clear idea of how much funds can be accumulated over a specific time period. Better financial planning Long-term goals such as financing a child's higher education, buying a four-wheeler, or securing a stable retirement life require systematic planning. A compounding calculator helps in setting goals by showing how much must be invested to attain the target corpus. For example, if you want a corpus of ₹1 crore in a time span of 20 years, then the power of compounding calculator can help. With the calculator, you can view how much investment should be made, at what interest rate, and for how long to reach your goal. Motivates investing for long term Many investors often get tempted to liquidate mutual fund investments early. This makes them miss out on the benefit of compounding. An online compounding calculator shows the long-term effect of remaining invested and discourages premature withdrawals. For example, investing a lump sum amount of ₹6,00,000 for 25 years at a 12% return results in around ₹1.2 crore (assuming annual compounding). If withdrawn after 10 years, the estimated returns would just be ₹18.63 lakh, making you lose out on considerable future gains. Seeing such figures in the compounding calculator motivates investors to remain committed and allows compounding to work its magic. Ending note Using an online power of compounding calculator or a compound interest calculator assists in making better decisions, planning prudently, and remaining invested for the long term. With a well-planned approach and patience, even modest investments can yield considerable wealth over the long term. So, always ensure to begin investing early and let compounding do all the magic for you!
