HomeInvestmentBe a millionaire with minimal headache, invest in Mutual funds, and enjoy the peace : Celebrate International Day of Peace – 21st Sep
Be a millionaire with minimal headache, invest in Mutual funds, and enjoy the peace : Celebrate International Day of Peace – 21st Sep
September 21, 2022
Everyone knows that financial freedom requires investment, not just income. This means that no matter how much you earn from your current job, without building a diversified investment portfolio, you will still have financial problems.
The good news is that technology has made investing easier, so it’s now safe to invest in a low-risk portfolio without too much stress. When you hear the word “investment” you might immediately think of the rampaging Stock Market or something for wealthy people.
Fortunately, this understanding is evolving and you can invest comfortably even as a beginner. The best way to add value to your money is to invest properly, and some investment options, like mutual funds, are available to just about anyone, regardless of age, income level, or occupation.
If you are just starting out on your investment journey, check out the safest method of earning good returns with peace of mind listed below!
Investing in mutual funds is a good option for those who do not master or do not have the time to permanently monitor the financial markets.
Mutual funds are also known simply as investment funds and give you the possibility to access financial markets and invest in a range of financial instruments: such as shares, debt, bonds, etc.
You may not have the skills or knowledge to manage your investments yourself, or you may not want to take the time to deal with management. Investing in a Scheme of Mutual Fundsallows you to pool your money with that of other investors and gives a portfolio manager the power to make specific investment decisions for you.
The portfolio manager chooses the investments in which the fund’s money will be invested and when to buy and sell investments.
Mutual funds are one of the most comfortable and safe forms of investment. In mutual funds, there is no concentrated risk of individual securities, which is what makes it an attractive alternative to point investments in an unstable market.
Mutual funds also offer the chance to become a millionaire in just 15 years. How? Let’s see.
By investing Rs. 5000 a month in a SIP with a CAGR of 18%*p.a for 20 years, you can get more than 1 Cr. Just imagine, a simple action performed with discipline and consistency can make you a millionaire. This is the beauty of investing and SIP Investment!
However, the best investment strategy for you will depend on your specific preferences as well as your current and future financial circumstances. It is very important to have a clear idea of your income and expenses, assets and liabilities, obligations, and goals when developing a sound investment strategy.
Once you understand your goals, you can dive into the specifics of how to invest. However, don’t worry if using a do-Once you understand your goals, you can dive into the specifics of how to invest. However, don’t worry if using a do-it-yourself approach doesn’t appeal to you. You can instead choose to let someone else invest your money, i.e., Invest in mutual funds.