Maximizing Your Retirement Savings with RD, SIP, and Mutual Fund Investments

2024-03-10 04:38:47

It is an important investment method to help you add the amount you need for retirement. RD is a recurring deposit scheme in banks and post offices. Similar is this SIP. Money invested in RT will be credited as Rs; The income will be fixed interest.

In mutual fund investment, units are credited to the investor’s account according to the investment amount and NAV value.

In SIP mode, you can continue to invest a specified amount every month for a maximum period of 30 years. Investing in equity mutual fund schemes with a retirement horizon of more than 10 years is likely to yield an average return of more than 12% per annum in excess of the rate of inflation.