Business
Power Of SIP: Want Rs 4 crore In 29 years? Here’s How Much You May Need To Invest Every Month
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Embrace the power of compounding wealth by opting for a mutual fund SIP plan that suits your monthly income standards and risk capacity.
How much to invest to get Rs 4 crore as wealth? (Photo Credit: Instagram)
Looking to accumulate wealth to safeguard your future or build a significant retirement corpus? It is time for you to get your investment bone ticking instead of merely paying expenses from your monthly salary. It is time to embrace the power of compounding by investing a fixed amount every month in a Systematic Investment Plan towards a beneficial mutual fund scheme available in the market.
A Systematic Investment Plan entails a long-term investment strategy, where valuable interest is generated and earned on the principal sums invested. Most investors hope to generate enough gains to sustain their livelihood amid rising inflation and uncertainties. But what if an investor wishes to deal in crores at the end of the investment tenure, how much would they have to invest every month?
How To Earn Rs 4 Crore Via 29-Year-Long SIP Plan
If you invest through a Systematic Investment Plan that delivers an average annual return of 12 per cent, you can aim to accumulate over Rs 4 crore by the end of 29 years. To reach this goal, an investor would need to contribute Rs 15,000 per month throughout the investment period.
Over 29 years, the estimated gains generated from investing Rs 15,000 monthly at a 12 per cent return work out to Rs 3.58 crore. This figure is indicative and may change depending on market performance, economic conditions, and fund behaviour.
Total Earnings
If we combine the principal investment of Rs 52,20,200 (Rs 15,000 * 12 months * 29 years) with the capital gains achieved, we end with a total of Rs 4.1 crore. So you can start your investment journey with the ambition of reaching over Rs 4 crore in wealth by investing Rs 15,000 in a SIP mutual fund plan.
Before proceeding, however, individuals must do due diligence and consult a financial expert to identify the best scheme for them to invest in. Since mutual funds are subject to market risks, individuals with a poor risk appetite should be extra careful before investing.
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 al…Read More
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 al… Read More
November 15, 2025, 18:11 IST
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Business
Union Budget 2026: Rice exporters seek support to boost sustainability, global competitiveness; relief sought on costs, logistics – The Times of India
The Indian Rice Exporters’ Federation (IREF) has called on the Union government to announce focused fiscal and policy measures in the Union Budget 2026 to strengthen India’s rice export ecosystem, covering both basmati and non-basmati varieties.In a representation to finance minister Nirmala Sitharaman, the federation underlined the importance of rice exports for the economy, rural livelihoods and global food security, reported news agency ANI. It flagged multiple challenges facing the sector, including ecological stress, rising costs and market volatility, and said targeted budgetary support could improve competitiveness while ensuring sustainability and better returns for farmers.“The rice sector faces ecological stress, notably groundwater depletion in major paddy belts, high fiscal costs of procurement and storage, and market and compliance volatility,” the federation said in its letter. It added that the Union Budget 2026 could help address these issues through “targeted fiscal and enabling measures” that strengthen sustainability and farmer outcomes.IREF outlined a series of priority demands aimed at supporting the entire rice value chain. One key ask is the introduction of tax and investment incentives linked to verified water-saving and low-emission farming practices. These include Alternate Wetting and Drying (AWD), Direct Seeded Rice (DSR), laser land levelling and the use of energy-efficient milling technologies. According to the federation, such measures would reduce environmental stress while improving long-term productivity.The exporters’ body also urged the government to encourage farmers to shift acreage towards premium basmati rice and GI-tagged, organic and speciality non-basmati varieties. This, it said, would help farmers earn higher realisation, promote market-led crop diversification and lower dependence on minimum support price-based procurement systems.To improve export competitiveness, IREF sought interest subvention on export credit to ease working capital pressures faced by exporters. It also called for targeted freight and port facilitation measures to reduce logistics costs, which remain a key concern for rice shipments.The federation further requested the continuation and appropriate calibration of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for rice. Ensuring that embedded taxes are adequately refunded, it said, is crucial for maintaining India’s competitiveness in global markets.Another major concern raised was the need to strengthen export finance guarantees and upgrade compliance-related infrastructure. This includes better testing facilities, traceability systems and quality assurance mechanisms to protect India’s standing in premium international markets.“These measures will directly lower exporters’ costs, incentivise sustainability and encourage the scaling up of value-added shipments,” said Dr Prem Garg, national president of IREF, as per news agency ANI. He added that rice should be explicitly covered under budgetary initiatives related to export credit, logistics and trade facilitation.Citing industry data, the federation said India currently accounts for around 40 per cent of global rice trade, a level of dominance unmatched in any other commodity. Having met domestic food security needs, it said India is well-positioned to supply international markets at scale. In FY2024-25, the country exported about 20.1 million tonnes of rice to more than 170 countries, according to figures shared by IREF.
Business
Practical tips to save on energy bills this winter
Getty ImagesEvery winter brings a drop in temperatures and rising concerns about heating costs. With the energy price cap set to increase in January, we have gathered together some practical advice to help you keep warm and cut costs over the colder months.
This month, millions of households will see a slight rise in their energy bills, as the energy regulator Ofgem increases the price cap by 0.2%.
The price cap is the maximum amount energy suppliers can charge customers for each unit of energy in England, Scotland and Wales.
Between 1 January and 31 March 2026, the energy price cap is set at £1,758 per year for a typical household which uses electricity and pays by direct debit.
Energy costs can hit people differently, for example, people living in older homes, renters and low-income households.
Low cost options
George Pearson, head of technical services at Retrofit West – which is funded by the West of England Mayoral Combined Authority and covers Bristol, Bath and North East Somerset and South Gloucestershire – said that even small actions can help to reduce heat loss.
“Sealing gaps and draught proofing is the number one step because it’s so low cost,” he said.
Mr Pearson recommended sealing gaps around skirting boards, letter boxes and even light fittings.
He added that people can maximise boiler efficiency by reducing the flow temperature.
Most people have their temperature set to 60C (140F), but lowering it to 55C (131F) or 45C (113F) could save money, said Mr Pearson.
“Heating and hot water is the majority of the bill in the average household,” said Nick Trapp from the Centre of Sustainable Energy.
“So that’s what you spend more on than your lights or your computer or your oven.”
To save money on your heating bill, turn off radiators in rooms you do not use and use your central thermostat to control the overall temperature, he said.
Additionally, turning your heating down by one degree could help save up to £73 a year.
But it is advised not to go below 18C (64F) if you are elderly, ill, or have small children.
Having an annual boiler service can also keep heating systems running efficiently and prevent more costly issues with your boiler in the future.
And a thick insulating jacket for your boiler could save about £183 a year.
PA“Some other low-cost wins include reflective panels,” said Mr Pearson.
“You can put them behind radiators and they can bounce the heat back into the space, so you’re not losing some of that heat generated into the actual wall itself.”
Mr Pearson also suggests bleeding radiators to remove trapped air and maintain even distribution of heat.
Although there are lots of plug-in heaters on the market, Mr Trapp warned that these can often be more expensive than using central heating.
“People get tempted by them because they look like they’re smaller, so you expect them to use less energy, but they’re actually a lot less efficient,” he said.
Changing your energy tariff can save you money by switching to a cheaper fixed deal, a discounted variable tariff or a time-of-use tariff like economy, which offers cheaper electricity at night.
During the winter months where more people dry their clothes indoors, a dehumidifier can help save on the cost of using a tumble dryer, while helping to prevent damp and mould.
Mr Trapp recommends using a dehumidifier in the room where you dry laundry and close the door to prevent water vapour getting to the rest of the house.
If you can, and try and heat your home consistently to avoid issues with damp and mould.
Medium cost solutions
While there are lots of low-cost solutions, some people may want to consider some longer-term solutions to make sure their home is energy efficient.
One of these options is installing insulation, which can help protect your home from both hot and cold weather.
Mr Pearson also recommends insulating pipes, where possible, to reduce the heat loss of hot water travelling through pipe work.
When it comes to loft insulation, Mr Pearson recommends 15.7in (39.8cm) of insulation – which may sound like a lot – but it has a significant impact on the reduction of heat loss.
Getty ImagesAdditional support
If you are really struggling with your bills, you may be entitled to additional support.
The government offers a Warm Homes Discount, which is a one-off rebate on your energy bill. You will get the discount automatically if you are eligible.
A Winter Fuel Payment of between £100 and £300 is also available for eligible people born on or before 22 September 1959.
You may also get a Cold Weather Payment if you are on certain benefits.
Certain people may be eligible for the government’s Warm Homes Grant, which provides funding to make energy saving improvements to your home.
Business
The pet food banks keeping animals with their owners
Eleanor LawsonWest Midlands
West Bromwich Emergency Pet Pantry“A lot of people seem to think you shouldn’t have a pet if you can’t feed it, but it’s a bigger picture than that.”
Anita Arthur co-founded Animal Foodbank UK with Robert Miller, after both had volunteered for animal charities and recognised how many people were struggling to feed their beloved pets.
With many food banks not offering pet food, Ms Arthur and Mr Miller, from Redditch, realised there was a need for one offering pet food.
What started off with two £20 donations from its co-founders has now exploded into a community of more than 120 volunteers, covering the expanse of the UK from Scotland down to Cornwall, donating food to almost 6,000 pet owners.
Over the last three years the group, which now has charity status, has donated 150,000 meals for pets in need across England, Scotland and Wales.
Ms Arthur believes they may be the only service in the UK that sends out pet food donations by delivery, as opposed to collection services.
“We don’t have to be referred to. Anybody can call, drop into our drop-in centres and we’ll help them,” Ms Arthur said.
Animal Foodbank UKPeople receive two weeks’ worth of food for their pets each month, and the group also works with other organisations such as homeless accommodation services to help people in need.
The charity does not request proof of low income or benefits in order to send out donations, and there are only two reasons they will not provide donations to an applicant.
“If anybody’s breeding dogs, we won’t help them, because we’ve got to promote responsible ownership,” Ms Arthur said.
“And if people have food off us, then go and get more pets and come back for more food, we will refuse.”
Animal Foodbank UKAnother pet food bank, established more recently in the West Midlands, is the West Bromwich Emergency Pet Pantry, run by 47-year-old Louise Colledge.
With donation points in West Bromwich and Smethwick, the pet pantry tries to cover the whole of Sandwell.
“I used to work for a local charity, which provided a food bank for humans, but a lot of people came in and asked for pet food,” Ms Colledge said.
“I thought it was something missing from the area.”
People can phone, text or email the group for a referral, and can receive a week’s worth of pet food three times over a six-month period, with longer-lasting support provided in more severe circumstances.
West Bromwich Emergency Pet PantryBoth groups recognise the difficult circumstances that can lead to people struggling to provide for their pets.
“We have had a lady who escaped domestic violence and had to leave with her two dogs and the children,” Ms Colledge said.
“We’ve supported her a bit extra, while getting back on her feet and sorting benefits out.”
Over at Animal Foodbank UK, Ms Arthur said they had seen a widow come to them after struggling to pay for her husband’s headstone, while another woman was set back by the cost of euthanising her dog.
“Using her money to end the suffering of her dog meant she was left without money to feed the rest of her pets,” Ms Arthur said.
West Bromwich Emergency Pet PantryWhat is important to both groups is supporting struggling pet owners without judgement and the wider implications that can have for the people they help.
“If we can feed a pensioner’s dog for two weeks, that could allow them to have the heating on. If someone’s car’s broken on the way to work, we can step in,” Ms Arthur said.
“Lots of these people would rather feed their pets than feed themselves.”
Ms Colledge believes in giving people the support they need to keep pets at home with their owners.
She has also seen homeless people turn down accommodation so they can stay with their pets.
“Some people love their pets so much they’ll hand them into a rescue if they can’t afford food, so [our work] also supports the rescues,” she said.
“We do have people that are having to choose whether they feed themselves or their pets.”
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