Money loses its value over time, if it is not put to any use. If you plan on keeping your savings in a savings account, over time, its monetary value will gradually decrease. Therefore, this money needs to be invested, so that it can earn more money and balance out the loss in the long term.
What are investment plans?
Even if they want to increase their wealth by investing, not everyone can manage it, since analysing various assets and then predicting their performance is not easy. In order to successfully increase one’s wealth, it is best to choose investment plans which are designed by experts. You only need to invest in it regularly for a long term to achieve your financial goals.
An investment plan allows you to invest in different assets at the same time, making a stable portfolio, which prevents you from facing much loss. There are several investment plans available in India, with varying levels of risks and created for different life goals. Fund managers deal with the various funds to increase your wealth, however, if you are knowledgeable to manage it yourself you can choose to do it.
Is an investment plan suitable for you?
Listed below are some reasons why an investment plan might be suitable for you.
Creation of wealth:In order to create wealth, either you need to work very hard and earn a huge amount, or let the money that you are earning, earn more money for your through investment plans. If you are ready to stay committedfor the duration of the term, the amount accumulated at the end, is sufficient to achieve a significant life goal.
Balancing out inflation: Investment is a necessary requirement if you have a lump sum of money, so that when you choose to use several years later, its value does not decrease. India has a fairly high inflation rate and the chances of it going down are fairly low. This way you can achieve your goals at the right time, without having to incur a debt.
Wondering where and how to start investing through investment plans? Contact our financial experts at Daily Finserv and take the first step towards achieving your financial goals.