In contemporary times, the idea of security, which is associated with traditional investments, is obsolete. While they do provide a sense of security yet the question is – is it a smart move on your part to shy away from huge returns which you can easily earn by investing in mutual funds? Well that’s for you to decide.
Money doesn’t grow on trees besides even trees are incapable of growing by themselves. It requires sustained effort and nourishing on the part of an individual to see a tree grow to its fullest. Likewise, building wealth requires meticulous planning and systematic execution of the respective plan. Systematic Investment Plans (SIPs) in mutual funds are a great option for people who are looking to systematically increase their standing wealth and work towards making their dreams come true.
There is enough evidence that has been collected through research over time, of the benefits of investment in equity, especially for younger individuals who have a lot of time to see their investments grow. After all, India is growing market that is well poised to grow at the rate of at least 7-8% for at least a number of years to come.
Research has also shown that individuals who stay invested in the market for a considerable period of time receive up to 10.28% in returns as compared to 4% in savings account, 8.075% in fixed deposits and 8.70% in provident fund. It is high time that you start taking these data-driven decisions and plan your investments accordingly. If you do not plan your investments, it is possible that you might land up with no savings at all.
Going for traditional forms of investments is like stashing away your wealth in some corner of your house and expecting it to grow by itself. You are never under complete control. With a Systematic Investment Plan (SIP), you can invest a fixed amount in mutual funds step-by-step monthly or quarterly over a period of time, thereby averaging out your cost of investing and benefiting from the power of compounding.
With a Systematic Investment Plan (SIP) in mutual funds, it is never about the timing but the time that you stay invested in the market. It is very important to have dreams but it is equally important to work towards them. So, dream more and achieve much more. Start investing through the Birla Sunlife Systematic Investment Plan (SIP) today and work towards achieving your dreams. #JanoToMano
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018