To build wealth, the most important thing you require is to stay invested in all market cycles and don't stop your Investment even if the market is not doing good.
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Posts made by Nidhimehra
RE: What is the most reliable and safest way to build wealth?
RE: What is full form of ELSS? Meaning
ELSS is an equity-linked saving scheme (ELSS). With the dual advantage of Tax-saving & potential for better returns than traditional Tax-saving Investment Products, this category of Mutual Fund Schemes is must-have for every investor. These funds also have the lowest lock-in period of just 3 years amongst all the options available in Section 80C.
RE: SIP vs PPF: Which is Better Long Term Investment Option? Comparison
Both are good. This depends on your cash flow situation. Suppose if you have lumpsum then there is no question for SIP But if you don't have lumpsum and getting regular cash flow like saving from salary then SIP is a good option. So there is no actual comparison for this. This all depends on your financial situation
What is SIP in mutual funds? What are benefits of SIP investment?
SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). In SIP your money is auto-debited from your bank account and invested into a specific mutual fund scheme. You are allocated a certain number of units based on the ongoing market rate (called NAV or net asset value) for the day. Here are some major benefits Disciplined Saving- When you invest through SIP, you commit yourself to save regularly Flexibility- While it is advisable to continue SIP investments with a long-term perspective, there is no compulsion. Investors can discontinue the plan at any time. Convenience - SIP is a hassle-free mode of investment. You can issue a standing instruction to your bank to facilitate auto-debits from your bank account.