Do you know: When you’re married, investing just Rs. 5000 per month through SIP for 10 years at 15% would become huge Rs. 13 Lacs, which you could use for the downpayment of your house…
When you’re married, your life-stage goals could be:
1. Saving for the down payment of a house
2. Building a retirement corpus
3. Maintaining an emergency fund
Work, Family, Friends, and the things you enjoy are important in your life. But getting your financial life in order is the priority. What you do, or don’t do, with your money today will have a profound effect on your future. Think long and hard about what you want to accomplish or rather goals in your stage of life and how your finances might play a role. If you want to achieve your life goals, you have to put a sound financial plan in place and follow it.
Investment Strategy – Systematic Investment Plan (SIP)
SIP is a method of investing a fixed sum, on a regular basis, in a mutual fund scheme. It is similar to regular saving schemes like a recurring deposit. SIP allows one to buy units on a given date each month, so that one can implement a disciplined saving plan for themselves. SIP can be started with as small as Rs.500 per month in ELSS schemes to Rs. 1,000 per month in diversified equity schemes. Just pick up any of the mutual fund from the list of best picks…
CLICK HERE to know how to achieve your goals if you’re single…
