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Time of India
13 hours ago
- Business
- Time of India
Freedom at 45! How 21-year-old Gen Z can retire early
For Gen Z, financial freedom is not about being ultra-rich, but rather the power to choose how you live, work, and spend your time. Good news? You do not need to be a millionaire to retire early. If you are 21 today and start investing wisely, it is entirely possible to achieve financial freedom by the age of 45. Why retire at 45? Explore courses from Top Institutes in Select a Course Category Data Science Cybersecurity Finance Data Analytics Data Science Artificial Intelligence Technology Degree Operations Management Leadership Design Thinking Management others MCA PGDM CXO Product Management Healthcare healthcare Public Policy Digital Marketing Others Project Management MBA Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Unlike traditional retirement, which often starts at 60, financial freedom at 45 means that you no longer have to work to earn money. You can continue working - but only if you want. The idea is to reach a point where money no longer controls your choice. Let's break it down. Suppose you spend INR 50,000 per month today. With 6% average inflation, you will need approx INR 2.02 lakh/month at the age of 45 to maintain the same lifestyle - which is about INR 24.3 lakh/year. To maintain this income for next 35 years post-retirement (up to 80 years of age), you will need a retirement corpus of about INR 4.01 crore, assuming 5% post tax return on your corpus. What is the plan? Live Events To accumulate INR 4.01 crore in the next 24 years, you will need to invest around INR 24,221 per month through SIP (Systematic Investment Plan). This may look like a large commitment, but if you start early and remain consistent, assuming 12% annualised returns through market-linked instruments, this goal is very much achievable. Smart investment strategy Here is how to make a strong investment portfolio which should be well diversified across: Large-Cap Mutual Fund: Offer Stability and consistent Returns Mid and Small-Cap Fund: Help increase your money rapidly in the long term Beta Fund: Capture extensive market movements with more flexibility ETF (Exchange-Traded Funds): Low cost, passive investment that tracks the indexes Gold ETF or Sovereign Gold Bond: Protect your wealth against inflation International Mutual Funds: Add global diversification (if aligned with your risk profile) What to Do As You Get Closer to 45 As you are near retirement, your focus should move from growth to protection. Gradually transition towards debt instruments, high-duration funds, bonds, and income-generating options to reduce volatility and ensure stable income. Consider: Debt mutual funds or long-duration bonds Fixed-income products like FDs or government bonds Systematic Withdrawal Plans (SWPs): Get monthly income from your investments Annuities: Provide guaranteed income after retirement Don't "Set It and Forget It" Your portfolio needs regular attention. It must be monitored regularly and rebalanced periodically to align with changing macroeconomic fundamentals such as inflation, interest rate cycle, global equity trends, and geopolitical risks. Markets are dynamic, and so are your financial needs; reviewing your portfolio helps you identify underperforming assets, adjust asset allocation, and capitalize on new opportunities, ensuring optimal risk-adjusted returns throughout your financial journey. Regular review will keep you on track toward long-term stability and wealth creation. Discipline Is the Key Here's the formula in five simple steps: Start early — the sooner, the better Be consistent — invest every month, no matter what Diversify — spread your investments across different assets class Review regularly — adjust your plan as needed Stay invested long-term — let compounding work its magic Final Thoughts You don't need to come from money or earn a huge salary to retire early. What you really need is a clear goal, a simple plan, and the discipline to follow through. For Gen Z, time is the biggest asset. If you start at 21, invest smartly, and stay committed — retiring at 45 isn't a fantasy. It's a realistic goal. So, is financial freedom at 45 possible? Absolutely. All it takes is clarity, consistency, and a little confidence in your future self. (The author is Group CEO & CIO – Wise Finserv Private Wealth) ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
India.com
2 days ago
- Business
- India.com
After getting Rs 170000000, Mukesh Ambani's back to back launch, gets Sebi's approval for 5 new schemes of…
Mukesh Ambani (File) Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and BlackRock, had already successfully raised over Rs 17,800 crore ($2.1 billion) through the initial offering of three debt mutual fund schemes. The company has also secured approval from market regulator SEBI to launch five mutual fund schemes. Jio BlackRock New Mutual Funds Scheme These funds are JioBackRock Nifty 50 index, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty Next 50 Index Fund, and JioBlackRock Nifty Midcap 150 Index Fund, an update with Sebi showed on Wednesday. On July 7, JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes — JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67,000 retail investors. Jio BlackRock NFO The three-day New Fund Offer (NFO), held from June 30 to July 2, drew investments from more than 90 institutional investors. According to a press release, this strong response highlights investor confidence in Jio BlackRock Asset Management's data-driven investment strategy and digital-first approach. 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management. (With Inputs From PTI)
Scoop
10-07-2025
- Business
- Scoop
Welcoming Closer Ties With Singapore
The New Zealand Customs Service hosted a week-long visit by a group of senior officials from Singapore's Immigration & Checkpoints Authority (ICA). Led by Deputy Commissioner (Operations) Mr. Hsu Sin Yun, the delegation's visit to New Zealand (7-11 July 2025) was centred on the use of technology to enhance border security, with a focus on fast freight and cargo-related operations. New Zealand Customs' Deputy Chief Executive International and Governance Joe Cannon said ICA's visit will further strengthen New Zealand's cooperative relationship with Singapore, which is a world-leader in the use of digital technology at the border. 'Singapore is a major global trading hub and while there is currently good cooperation between New Zealand and Singapore's border agencies, there is an opportunity to deepen our links and share knowledge that will help us strengthen our response to transnational and serious organised crime.' 'ICA's visit is a great opportunity to recognise a highly valued relationship as we work towards protecting our communities from the scourge of the illicit drug trade and help create opportunities for a more prosperous Indo-Pacific region,' Mr Cannon said. ICA is responsible for the clearance and inspection of passengers, goods, and vehicles entering Singapore. Their priority is identifying and targeting risks associated with trade and travel. ICA's Deputy Commissioner (Operations) Mr. Hsu Sin Yun said: 'The visit to the New Zealand Customs Service has been both insightful and thought provoking. I would like to express my greatest appreciation to New Zealand Customs for the warm hospitality and comprehensive sharing. And I look forward to strengthening and deepening the collaboration between our agencies.' The Singaporean delegation visited Customs sites in Auckland and Wellington including Auckland International Airport, the Integrated Targeting and Operations Centre, and the newly opened Auckland Processing Centre. There were a wide range of topics discussed during the visit including utilising technology to combat transnational and serious organised crime, criminal threats from inside the supply chain, ongoing eGate development, and staff training. This year marks the 60th anniversary of diplomatic relations between New Zealand and Singapore. This visit supports the New Zealand Government's objective of enhancing New Zealand's strategic relationship with Singapore. Notes: New Zealand has more free trade agreements (FTAs) with Singapore than with any other country [Source: New Zealand Ministry of Foreign Affairs and Trade]. New Zealand Customs has a Mutual Recognition Arrangement in place with Singapore, which recognises supply chain security standards and grants authorised traders access to fast-track customs processing in both countries. In 2024, Customs signed a cooperation arrangement on Facilitating Safe and Efficient Trade with Singapore Customs and Singapore's Infocomm Media Development Authority. This set out a framework for developing and strengthening practical cooperation on trade and the use of emerging technology. Eligible New Zealand and Singapore citizens can use e-Gate/Frequent Traveller Programme facilities when arriving and departing from each other's airports, enabling easier access through borders for travellers.
News18
03-07-2025
- Business
- News18
PPF Vs FDs Vs Equity Mutual Funds: What Suits Your Long-Term Goals Best?
Last Updated: Long-term investment planning starts with knowing your goals, risk tolerance and future financial needs. Planning for long-term investments requires a clear understanding of your financial goals, risk appetite and future needs. Whether you're saving for retirement, a child's education or simply building wealth, choosing the right investment vehicle can make a significant difference. Here's a comprehensive guide to help you select the best long-term investment plan for your needs. 1. Identify Your Financial Goals Every investor has a unique timeline and purpose. You might be saving for your child's college education in the next 10 to 15 years, planning for their wedding in 20 years, or securing funds for your retirement in 25 years. Define your goal and the time horizon clearly. Once your goals are set, select suitable instruments like PPF, Mutual Funds, Fixed Deposits, or ULIPs. While some may believe that short-term investments bring quicker returns, seasoned investors understand the power of compounding and the wealth-building potential of long-term investments. 2. Understand Your Risk Appetite Risk tolerance plays a major role in determining the right investment strategy. Market volatility often discourages new investors, pushing them toward safer instruments. However, when investing for the long term, opting for high-risk, high-return options like equity mutual funds can yield better results. For conservative investors or short-term goals, low-risk options such as debt funds or fixed deposits may be more appropriate. Based on your risk profile, you can choose from high-growth, balanced, or conservative funds. Liquidity is crucial in times of need. If you've invested a significant amount in a long-term plan, ensure the option allows for partial withdrawals. You may need funds in a few years for major expenses like a car purchase or your child's school admission. Opt for investment plans that offer a lock-in period of around 5 years along with some flexibility for partial withdrawal, so you're not left without options in emergencies. 4. Ensure Financial Security Through Death Benefits If your goal includes protecting your family financially in your absence, consider options that offer death benefits. Term insurance plans or ULIPs with life cover ensure that your loved ones continue to receive regular income and do not face financial strain. This type of planning is crucial for the well-being and stability of your family's future. 5. Consider Brand Reputation and Performance History Choosing a reliable investment provider is just as important as choosing the right product. Trust companies with a proven track record and strong brand recognition. Consistency in fund performance, transparency, and positive customer feedback are key indicators of a trustworthy provider. Popular and well-established institutions often offer better service, stability, and reliability. 1. Gold Gold may not offer regular income, but it's an excellent store of value over time. With inflation on the rise, gold helps preserve wealth and purchasing power. It is especially appealing for those seeking a safe, tangible asset that holds generational value. If you're just starting, investing in gold—whether physically or through digital means—is a secure choice. 2. Public Provident Fund (PPF) PPF remains a popular long-term investment due to its tax-free returns and government backing. The returns, though moderate, are entirely exempt from tax, which often makes them more rewarding than taxable investments with higher nominal interest. It's a dependable option for those planning their retirement corpus. 3. Mutual Funds Mutual funds—particularly equity mutual funds—are ideal for long-term wealth creation. They allow you to invest small amounts (as low as Rs 1,000), diversify your portfolio and reduce risk exposure. While market fluctuations are inevitable, long-term investors benefit from compounding and market growth. Just as a skilled author is known for overall work despite a few weak essays, a good mutual fund may see short-term dips but will deliver over time. 4. Fixed Deposits (FDs) Fixed deposits remain a preferred option for risk-averse investors due to their assured returns. Unlike market-linked options, FDs offer stable income regardless of market conditions. You can choose between bank FDs and company FDs, with the latter typically offering higher interest rates. Company FDs also provide greater flexibility in terms of tenure and are tax-free if annual interest earnings are under Rs 5,000. Tools like the Bajaj Finance FD Return Calculator can help you estimate your expected returns accurately. About the Author Business Desk A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: July 03, 2025, 16:53 IST
Hindustan Times
02-07-2025
- Entertainment
- Hindustan Times
Mormon Wives' Jennifer Affleck and Zac Affleck celebrate birth of daughter Penelope
Jennifer Affleck has now become a mother for the third time. The Secret Lives of Mormon Wives fame shared the happy news on Instagram on Wednesday, July 2. The 26-year-old star revealed that she and husband Zac Affleck have welcomed their third child, a baby girl named Penelope Phyliss Affleck. Jennifer Affleck celebrated the birth of her daughter(Instagram) In her Instagram post, Jennifer also mentioned that the birth was 'unmedicated.' Along with the update, she posted a series of sweet photos from the delivery room. The first photo showed Jennifer and Zac in a cozy moment with baby Penelope. In the next photo, the little one was resting safely in her mom's arms. Another black and white photo captured Jennifer on the hospital bed with her newborn lying peacefully on her chest. Jennifer also shared a picture from before the birth. She was wearing a white dress, and her baby bump stole the spotlight. A snapshot featured Jennifer and Zac sharing a warm hug. The final slide displayed the couple again, now with Penelope. In her caption, Jennfer wrote, 'Baby Penelope is here & she is perfect. Going unmedicated was truly the most painful but empowering experience of my life. I could not have done it without Zac and my supportive doula! I'm so grateful and so happy that Penny is earthside now.' Take a look at Jennifer Affleck's post below: Jennifer and Zac Affleck's love story As per a People report, Jennifer and Zac Affleck's journey started in 2018 when they matched on the Mormon dating app, Mutual. They hit it off pretty quickly and kept things going strong. By January 2019, Zac decided to make it official and popped the question at Top of the Rock in New York City. Just five months later, they tied the knot in late June. Their first child, daughter Nora, was born in November 2021. Then, in July 2023, they welcomed a son named Lucas Lowell. Now, with the arrival of baby Penelope, the Afflecks have become a family of five. ALSO READ: Dancing with the Stars Season 34: Secret Lives of Mormon Wives' Jen Affleck and Whitney Leavitt join cast FAQs Q1: What is the name of Jennifer Affleck's third baby? Jennifer Affleck's third baby is named Penelope Phyliss Affleck. Q2: When did Jennifer Affleck announce her baby girl's birth? Jennifer shared the news on Wednesday, July 2, through an Instagram post. Q3: How many children do Jennifer and Zac Affleck have now? The couple now has three children – daughter Nora, son Lucas Lowell and newborn Penelope Phyliss. Q4: How did Jennifer and Zac Affleck meet? Jennifer and Zac met in 2018 on the Mormon dating app, Mutual.
