New Delhi, May 2 -- Genius doesn't do different things; they do things differently. Similarly, a smart investor becomes a millionaire or a billionaire by investing wisely. For example, if a normal investor starts a monthly equity mutual fund SIP of Rs.6,000 and keeps doing it religiously for 30 years, it will accumulate Rs.4.20 crore. However, like a smart investor, if someone increases their monthly SIP in sync with their annual income, they can accumulate almost twice as much as a typical investor.

But to maximise the value of one's wealth, a smart investor would try to generate income from one's pension fund, which must sustain for a longer period. Hence, a mutual fund SIP can be a good source of income for retirees, and a SWP (System...