Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
A savings plan announced in the UAE recently will help subscribers become millionaires in as little as three years. Savings and investment firm National Bonds said the scheme lets residents hit the Dh1-million mark with monthly contributions made to the plan and expected profits offered by the company.
Called ‘My One Million’ plan, monthly profits are reinvested to maximise returns.
Subscribers can choose a tenor ranging between three and 10 years. Monthly installments depend on the duration of the plan — higher the term, lower the contributions. Subscribers can also choose to invest their savings in the scheme as an upfront payment, which will reduce the monthly contributions.
Assuming you are starting with zero upfront payment, these are the monthly contributions you would need to make to get to your first Dh1 million in three to 10 years.
Monthly amount: Dh26,540
Total contribution: Dh955,440
Expected profit: Dh44,560
Monthly amount: Dh19,610
Total contribution: Dh941,280
Expected profit: Dh58,720
Monthly amount: Dh15,460
Total contribution: Dh927,600
Expected profit: Dh72,400
Monthly amount: Dh12,690
Total contribution: Dh913,680
Expected profit: Dh86,320
Monthly amount: Dh19,610
Total contribution: Dh941,280
Expected profit: Dh58,720
Monthly amount: Dh9,230
Total contribution: Dh886,080
Expected profit: Dh113,920
Monthly amount: Dh8,080
Total contribution: Dh872,640
Expected profit: Dh127,360
Monthly amount: Dh7,160
Total contribution: Dh859,200
Expected profit: Dh140,800
(All calculations are based on an online calculator available on the National Bonds website)
ALSO READ:
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
business1 day ago
Company strengthening regional presence and service offering
business1 day ago
Sinochem may keep three refineries in China's Shandong province
business1 day ago
Memorandum of understanding aims to enhance cooperation in the construction sector
business2 days ago
Serenia Living’s architecture and interiors have been led by Palma’s expert team
business2 days ago
Company’s backward integration model reaps dividends
business2 days ago
Participating companies announce several cooperation achievements
business2 days ago