Friday, June 27, 2008

SIP

Most of us have the same idea when it comes to money. All we want to do is spend it. With a fantastic range of consumer products out there, investments seem like the most boring things that you can consider. In fact, if it weren't for tax saving purpose, most of us would not end up investing anything at all.

We need to realize, however, that someday, our hard earned money isn't going to be able to buy the same things as it used to. This is because of inflation, the phenomenon that slowly eats up our purchasing power without us even realizing it.

Hence start a Systematic Investment Plan in a good mutual fund schemes for an amount of Rs.500/- and higher

No comments: