Freedom SIP for Financial Freedom
“Freedom SIPs” is a new method of SIP to achieve financial freedom. Allow me 1 min to explain.
Let's say you start a freedom SIP of 10,000 per month for 25 years. Assuming 12% yearly return, you will build a corpus of 1.7 crores after paying tax.
Now, this money will automatically move into a debt mutual fund which is safer and may give you around 5% annual returns.
Now if you start withdrawing 80,000 per month for the next 25 years, by the end of 25th year, you will still be left with 1 Crore with you.
There are mutual fund houses which are offering freedom SIPs and these calculations and returns may change depending on the scheme you choose.
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