In todays time when inflation is hovering around 8-9%,bank fixed deposite (FD's) will not beat the inflation which is giving return of 7%-8.5% per annum,this means the value of the money remains the same after a year even though you earn a retun of 8%.
So how to grow your money without taking too many risk and without bothering to watch your portfolio on daily basis.Equity market is best way to beat the inflation and earn annualise retun of 15%-30% on long term(3+ years).
If you don't have the very good Knowledge of Equity market, you can invest in equity market through equity Mutual Funds,in long term equity Mutual Fund can give you annualise retun of 15%-30%.
Systematic Investment plan(SIP) is the best way to invest in Equity mutual fund in long term,it gives you the benefit of averaging ,when the market is up it will buy you less units but when market is down it will buy more units,thus averaging the units.
So how to grow your money without taking too many risk and without bothering to watch your portfolio on daily basis.Equity market is best way to beat the inflation and earn annualise retun of 15%-30% on long term(3+ years).
If you don't have the very good Knowledge of Equity market, you can invest in equity market through equity Mutual Funds,in long term equity Mutual Fund can give you annualise retun of 15%-30%.
Systematic Investment plan(SIP) is the best way to invest in Equity mutual fund in long term,it gives you the benefit of averaging ,when the market is up it will buy you less units but when market is down it will buy more units,thus averaging the units.
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