Build Long Term Wealth
Saving regularly and investing prudently in a disciplined way is the key to Long Term Wealth Creation! There is no short cut.
We all know that any money in our pocket gets spent immediately. You always have a feeling of running short of cash. Then how do you build wealth?
Answer is simple – save first and then spend.
Mutual Funds have evolved an extremely good option to build long term wealth in through systematic investment plans (SIP).
We recommend you to start systematic investment plans (SIPs) of top-performing equity / balanced / debt mutual funds to build wealth. A fixed amount of money gets debited to your bank account automatically every month creating forced saving for you. In a few months, you will see your money pot-growing and then you will start enjoying the process!
Investing through SIPs has many advantages:
- Leveraging Power of Compounding: Returns generated by your investment further get reinvested and start generating more returns.
- Lower Taxes: Mutual funds, in general, attract lower taxes compared to other investment instruments. If you remain invested for more than 1 years in equity schemes, then you just pay 10% of gain as tax, that too above an amount of Rs one lakh.
- Lower Market Risk: Investing at regular intervals reduces your risk as compared to one-time investment, as you are investing even when markets are down, which reduces your average cost of investment.