Start investing in "Ganesh Chaturthi" The beginning of Holy Season
Good time to start
Ganesh Chaturthi is a festival of Lord Ganesha is also called as “Vighnaharta” or the remover of all troubles, marks the beginning of festival season, up to Diwali. This period is considered as an auspicious time for making right investment. Thus, you can start thinking about Financial Planning with the blessing of Lord Ganesha.
Take a step towards Creating Wealth
You can start Investing with as low as Rs.500 a month systematically through SIP (Systematic Investment Plan) plans.
Regular monthly investments can lead to a huge corpus in long run without being worried about taxes on returns.
Monthly Investment (SIP) Started in Mutual Fund** of Rs.10000/Month grown to x3.3 times of investment in 10 years.
Monthly Installment: Rs.10000
Total investment in 10 years: Rs.10000 X 121 months = Rs.12,10,000
Current Value as on completion of 10 years: Rs.40,11,330.
As per the above illustration, just investing total of 12 Lacs INR in 10 years (Accumulated Monthly @ 10000 a Month) can grow up to 40 Lacs in the same period of time, and this corpus can help you in reach you dream like car, home, vacation trip etc. Or even it can help you to enjoy your retirement life with zero financial worries.
As Warren Buffet says Don’t save what is left after spending, spend what is left after Savings.
In this festive season expenses move like a rocket on the charts, with empty pockets at the end of Diwali one cannot think for investment, so one must follow the theory of Warren Buffet save first and then spend the left over.
Take an installment for your investment from the budget of this season and the spend the left over without any worries.
Disclaimer:
Mutual fund is subject to market risk read the document carefully before investing, Returns are for illustration cannot be guaranteed in future.
SIP data gathered from Value Research.
“*” illustration picked from valueresearchonline.com
** scheme is HDFC midcap opportunity fund with past returns.
Good work Anuj for d benefit of people..Good 1st movement towards your and your customers goal..Keep it up..Good luck.
ReplyDeleteRecommendable article Anuj, insightful and encouraging!
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