Mutual funds are better known these days through SIPs or systematic investment plans, which will help you save, invest and prosper–the acronym which will register well than the long drawn systematic investment plan. Here is your chance to build wealth.
The case for SIPs
- They are simple
- They enforce disciplined investing
- In the long run, they handsomely beat the risk-free 7.3 per cent than one can earn from a post office RD
- You don’t require a large sum to start off
- Planning for all long term goals such as retirement and children’s higher education can be made easier by investing regularly through SIPs
