Demystifying money management for elderly people living alone

Positive attitude and mental wellbeing promotes quality of life in advancing years

Freedom Plans - Samriddhi Volume 10 Edition 2

Samriddhi Volume 10 Edition 2

SIP The Financial Fitness Plan - English

Maintaining physical and mental health is significant with the kind of lifestyle we live today. A daily workout can provide your mind and body with several health benefits. Along with physical well-being, taking care of your financial fitness is also necessary. Once you start earning at a young age, you need to start planning how much you want to save and invest in your future goals.

Many of you may not consider investing as a top priority when you step into the professional world. However, the bitter truth is one should begin investing in mutual fund SIP from the time you land a job. Invest through the Systematic investment plan if you want to achieve financial fitness.

What is a Systematic Investment Plan?

A systematic investment plan or SIP is a payment method that allows you to put in a fixed sum of money in a mutual fund scheme at regular intervals – monthly or quarterly. Using the SIP, you can choose to invest in any asset class - be it equity, debt, or balanced mutual funds. It is just like your fitness, where you maintain a disciplined approach towards your finances to have a healthy financial life ahead.

Even if you start with a minimum investment of Rs.500 per month and stay invested for a longer period, the greater gains, you will be able to make. In a nutshell, SIP molds your financial fitness caliber in such a way that you can accomplish your life goals at every stage.

One of the biggest benefits of SIP is rupee cost averaging, which mainly helps you buy less when markets are expensive and purchase more when the markets are cheap. This is how market volatility is mitigated to some extent. Do you want to benefit from SIP mutual fund? Then head to Aditya Birla for exciting opportunities. Do sip to fulfill your financial goals.

Inflation – Your Saving’s Biggest Enemy

Let us be wise investors by regularly keeping an eye on inflation. Wondering why? Watch this video to understand how does inflation impact your investments.