Planning your wedding is a huge task, and budget planning is the primary step. Couples either have to adjust their wedding dream due to low-budget or end up taking loan to spend this once in a lifetime moment lavishly. With mutual funds, you can find a middle way to enjoy your wedding without any financial burden.

Why should you choose mutual funds to finance your wedding budget?

A mutual fund is a financial instrument where the fund managers pools the money from different investors with similar financial goals, and invests that pooled money into different securities like stocks, government bonds, etc. This diverse portfolio help reduce risk and can yield reasonable returns on the investments.

Also Read : What is Mutual Fund?

Professional fund managers look at the mutual fund performance, remove or add many stocks/securities based on their performances. So, you don’t have to worry about investing in a wrong stock. All you need to do is invest your money and let the professional handle it.

Mutual funds are flexible with amount too. You have the freedom to invest as much amount as you can, depending on your financial goals.

Managing your wedding expenses with mutual funds

Getting started with mutual fund investment to finance your wedding isn’t a difficult task. You can start planning your wedding finances 5 or 10 years in advance. By investing as early as possible, you can create more wealth as mutual funds may offer interest on the amount as time progresses.

The holding period (i.e. long-term and short-term) and the wedding budget will decide which type of mutual fund is suitable for your needs. You can compare different mutual funds to gain more insight about a mutual fund.

Select the mutual fund and opt for an SIP or a lump-sum investment. You can start as little as Rs. 500-1000 considering the time and then increase the amount or you can go for lump sum amount.

Also Read: What is SIP?

Conclusion

Planning the expenses for a wedding is not an easy task, but mutual fund is there to help you. The financial planning with mutual fund help reduce the stress associated with the wedding finances to some extent. So, you experience the joyous feelings during the preparations while mutual funds work for you.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.