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You’ve got dreams for your child – or you could just want to fulfill your child’s dreams. But you’ll find that’s easier wished than done. Rising prices can easily cramp the ability of parents to protect and cherish their children’s futures.
You don’t want your hard earned money going down the drain, nor do you want to keep the money you have stagnant and lying around uselessly. But you don’t have the time to actually do something with it.
Looking for a place to park your money, so that it can grow to its best? Options like savings bank accounts and fixed deposits can only let you money grow so far.
Mutual funds are generally confusing to the new investor. It can even unnerve an investor, as it fluctuates with the market’s ups and downs. But there is no denying that they are the best way that one can make a lot of money in a given time, far more than either a savings account or a fixed deposit, which are the usual, conservative methods. This is true, so long as you pick the right kind of mutual fund to invest in. Read on to know which ones are the best for you.
Investment planning is a systematic approach by which you use various financial tools and plan your investments to maximize the existing financial resources you have.
A systematic investment plan is a lucrative investment option for the average investor that is offered by mutual funds. To invest in a systematic investment plan, the investor doesn’t need huge funds. He/ She can invest in mutual funds with an amount as low as Rs. 100. One also gets the freedom to invest monthly or quarterly. The SIP binds the investor to keep a fixed amount aside every month which ensures that one saves money.
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