Investment Plans refer to various financial products aimed at aiding gradual wealth creation by offering returns. They enable individuals to fulfil their future financial objectives by investing periodically in different products/funds. They offer multiple benefits, including wealth building, tax benefits, passive income, inflation proofing, financial coverage for loved ones of deceased investors, and financial independence.
However, different products are associated with different benefits and risks. Hence, when choosing Investment Plans, investors are encouraged to consider their financial goals and by when they would like to achieve them. In addition, present expenses and estimated future expenses should also be factored in.
