4 Reasons Why Every Woman Should Invest in Mutual Fund
Read in: 1min, Published On , 6 Mar 2019 By TT Connect
To manage uncertainties
You may encounter unpaid leaves or career gaps during different stages of your life. For example, you might have to take an extended unpaid leave for your newborn baby, or, if you get married outside your city/state/country, a job change might be in the offi ng. To stay financially secure during such gaps, you need a strong emergency corpus. Tip: Invest in Liquid Funds. Ideally, you should keep at least six months of your salary invested in Liquid Funds.
Your goals change at different stages of your life
Your goals change with your age. Today, your goal might be to travel the world, tomorrow you might have additional goals, like child goals. Mutual Funds offer a plethora of schemes to meet these goals. Tip: Do goal-based planning. Seek financial advice.
To stay financially independent even after you retire
Being economically independent makes you feel confident. Staying financially independent helps, you fulfil your goals, even after you retire. For this, you need a strong retirement corpus. By having adequate retirement income, you can live with the same lifestyle and pride, even after you retire. Tip: You can build a sound retirement corpus by investing in Equity Linked Savings Scheme (ELSS).
You make better investors than men
You can benefi t through your inherent qualities of discipline and focus while making investments. You are also a pro when it comes to budgeting. You can use the same approach while finding the real value of your goals and investing for them. Tip: Don’t be dependent on the men of your family, for your financial planning. Manage your fi nances. Invest in Mutual Funds.
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