 |
| SIP |
Imagine a situation where you wanted to buy a dream car, but just don’t have enough to pay the entire amount and taking a loan will put a dent in your finances as you have to repay a high amount every month with interest. Instead of taking a loan, how about using savings gained by investing in mutual funds to buy the car.
Would
not that give necessary boost to achieve your dream of getting a fabulous
vehicle in the shortest possible time? Check out top mutual funds in the market
and invest every month an amount that is lesser than what you would be paying
for a five year car loan with interest. In just a year, you would have saved
enough to pay up at least half the value of the car, while the remaining amount
can be financed through a small loan which carries a low interest rate.
About SIP
Systematic
investment Plan or SIP is your means
to getting into a sound financial position. If you are already not into the
habit of setting aside a small amount of money from your salary every month and
putting it aside for future needs, it’s time to start now with mutual funds
investment schemes.
The
key benefit here is that you set aside a small amount every month to which
interest is added on a monthly basis. The interest gets compounded so at the
end of the investment tenure what is gained is a large amount, which can take
care of big financial needs. Instead of investing into an LIC policy or bank
fixed deposits, putting money into mutual fund helps gain more money and also
makes you financially sound.
Kotak Mutual funds is highly attractive as it offers high interest on
the invested amount. Check out the many funds into which you can your money
such as debt, tax saver, hybrid, equity etc. It offers much equity and debt
funds which give different types of returns. You can opt for a fund with open-ended
policy else one that has three year equity lock in period.
No comments:
Post a Comment