What’s the best way to pay for your SIPs – UPI Autopay or eNACH? Your choice matters as the two methods have different functionality and register your SIPs in different ways. A UPI AutoPay mandate can be initiated on any UPI AutoPay-enabled platform by entering the PIN of your UPI account. An eNACH mandate on … Read more
In an interaction with Mint, Kumar, known as the 80:20 investor, discusses his investment portfolio, his reasons for avoiding real estate, and why diversifying investment styles is as important as asset allocation. He advocates for a focused approach to investing, leveraging the ‘Pareto principle’ (80:20 concept) to achieve optimal results with minimal effort. Edited excerpts: … Read more
Have you ever wondered what is the key to long term wealth creation? Is this picking the right stocks only? Or is it something to do with investing into diversified mutual funds which minimise the risk? Well, it is certainly an interplay of several factors but what really can be a gamechanger is ‘compounding’. Compounding … Read more
My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP) which I started 2 months ago. At present, I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate a down payment of ₹1 crore in six years to buy … Read more