Plan Your Goals Efficiently with Mutual Funds
The majority of Indian investors lack a structured approach to savings and investments. The majority of people don't set savings goals; instead, their spending patterns determine how much they are able to save. Likewise, most people invest in an ad-hoc way. When they have saved enough money, they invest it in stocks, bonds, mutual funds, FDs with banks, modest savings accounts with the Post Office, and other investments without having any particular objective in mind. Whether or not we have structured financial plans with respect to different life stages, all of us have different individual or family-specific financial goals in life, such as purchasing a dream home, an international vacation, purchasing a dream car, children’s higher education, children’s marriage, retirement planning, etc. We need to have a specific amount of money in order to achieve any of these goals, whether they are short-term, mid-term, or long-term. To achieve each goal within the allotted time, you mus...