Let us say, you as an individual are looking to buy a house. You may have set a budget for it and you may have zeroed in on a great property. If we were to ask you – What would be the right time to buy this house? Your reply would be – right now, because it seems as a good investment for your future.
Similar is the case with SIPs, they are an investment solution that can help you keep adding to your earnings with an aim of generating good returns or building your future wealth over a period of time.
Many a times, the general public may find themselves hesitating before investing into mutual funds through a SIP. Three primary excuses come to the fore when Systematic Investment Plans are the topic of discussion. These are:
Well, these reasons may be quite relevant to you but at the end of the day, these seem to be excuses. And more importantly, they might be stopping you from achieving your long-term goals. All you have to remember is one thing – your long-term goals can be met when you stay invested for longer. And, that, it bodes well in the longer run because on an average you can get good returns, compared to a scenario where you don’t make any investments.
Here are a few reasons that turn the above excuses into opportunities for investment:
So, use these reasons to counter your excuses and turn them into opportunities to invest in SIPs for your long-term goals.---------------------
This article should not be considered as 'investment advice'. We request the Reader to make informed investment decisions and consult their financial advisors to determine the financial implications with respect to investing in Mutual Funds.
An open ended fund of funds scheme investing in equity oriented schemes, debt oriented schemes and gold ETFs/ schemes.