Glimpse Of The Workshop
It's never too early to start learning about personal finance. We had gone through the fundamentals of personal finance, such as the necessity of having a financial goal, the importance of investing, how to get started, and new year's money resolutions, among other things.
Because learning starts with questions
Is it possible to begin investing journey with index funds?
Yes, the index fund is a good way to begin your investments because it directly invests in indices of the country.
Can we increase the amount of SIP based on our earnings?
Yes, we can always do that. You can start with as low as Rs.500 a month and increase it gradually with the rise in the income.
What are Systematic Investment Plans?
SIP is offered by Mutual Funds. Where you can invest money on a weekly, monthly, quarterly, or annual basis. You must select a mutual fund scheme, an amount, and a date. You can begin with a monthly budget of as little as Rs.500. SIPs are an excellent approach to build wealth over time.