First car, foreign holidays with friends, a perfect retirement gift for parents and what not! As we grow in life, our financial goals get bigger too. Is your monthly income enough to fulfil your most cherished dreams? Are you putting your long-term goals on hold while accomplishing the immediate ones today?
Don’t delay your happiness. Embark on your wealth creation journey now to start living the life of your dreams.
Get the most out of your weekends!! Plan a fun weekend at home at least once every month and spend meaningful time with your loved ones. More so, save some money to fuel your bigger dreams, by investing in a Mutual Fund scheme through an SIP.
A weekend at the multiplex: Movie (Rs.400) + Popcorn (Rs. 350) + Cold drink (Rs.150) + Getting there (Rs.300) = Total Spend Rs.1200 in one day
The last few months has shown us the difference between what we want and what we really need.
Starting an SIP in a mutual fund scheme, with just the amount that you would save from not going out one weekend, can get you to closer to your bigger dream.
Ready to be a millionaire!! Make your first million simply by starting an investment in Mutual Fund schemes through an SIP. Invest a convenient amount regularly, so you could build wealth to fulfil your financial goal. The younger you start, the faster you make your first million!
Millionaire at 30?? Is that possible?? Lets see.
For example, if you start as early as the age of 21yrs, with Rs.5000 invested per month, at an assumed rate of return of 10%* you can be a millionaire in just 9 years. Monthly investment = Rs.4,950 | Every year, increase the amount by = 5% | Stay invested for = 9years @Assumed annual rate of return 10%* At the end of 9years, total wealth accumulated = Rs. 10,01,428 To reach your first million, you need to stay S.H.A.R.P
*This is for illustration purposes only. Calculations are based on assumed rate of return and actual return on your investments can be more or less than what has been used in this illustration.
Your first easy step towards investment: Ready to invest but don’t know where??? Start your wealth creation journey by taking the First Easy Step of investing in an Index Fund
With over 1700 available mutual fund schemes*, its difficult to choose where to start. Then there are friends and relatives advising the novices in their own way, from their own experiences. However, Index funds could be used by first time investors towards creating long term wealth through the equity market route. Index funds are mutual funds that invest in an index by purchasing all the stocks in the same proportion as in a particular index.
It has also been the winner of a billion dollar bet once!