FABLES
Thirsty Crow
We all know about the thirsty crow story, how the crow quenches its thirst by increasing the water level in the pot by smartly putting some pebbles one by one. Similarly, in mutual funds, we might also quench our thirst, i.e., achieve our goals when you invest wisely in Mutual Funds through a systematic way, Systematic Investment Plan (SIP).
What is a Systematic Investment Plan?
A SIP is a disciplined way of investing a fixed amount in select mutual fund schemes at pre-determined intervals – weekly, monthly, or quarterly. To reach our financial goals, we need to keep investing a small amount every month.
By taking the SIP route, the investor gets to invest for a long-time without worrying about market fluctuations and stands to benefit from rupee cost averaging and the power of compounding.
With SIP, the earlier you start saving and do mutual fund investment regularly, the easier it is to achieve your goals.
My Financial Goal #1
My Goal
Buy a House
Achievment Date
July 31, 2022
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