Young generation spends monthly 1500 rupees to have Pizza. 23% Indian population spends more than 2000 rupees for cigarettes. 34% spends for liquor and beer. Let us talk about diverting the 1500 rupees to mutual funds SIP. Do not tell you do not have reason to start mutual funds SIP. Why you have to start Mutual Funds SIP: Everyone has ...
Many new investors started to look at investment in equity markets and mutual funds. Particularly they want to invest in mutual funds for long term wealth creation. People new to mutual funds markets have fear in investing in mutual funds and have confusion in selecting best mutual funds to invest. There are many active mutual funds in the market. You ...
Compound interest or compounding means the interest earned added to basic principal, the interest that keeps getting added to it. It essentially means reinvesting the earnings you get from your initial invested amount instead of withdrawing the interest immediately. let’s say, you have invested Rs. 10000. Suppose you’re getting 12% interest for a year. If you invest on January 1, ...
Mutual funds are best investment in long term. 44% americans invest in mutual funds. But the investment ratio is very low in India. Only 4% Indian population invests in mutual funds. Mutual funds are best investment instrument for wealth creation. Due to lack of financial knowledge, Indians are not exploring mutual funds investment. While developed markets have the maximum AUM, ...