Finance Forum India

There are numerous investment products available in the market, Systematic Investment Plan being a popular option. A Systematic Investment Plan involves investing a small amount every month on a pre-determined date into specific mutual funds. The main goal of such an investment vehicle is to accumulate a huge corpus by investing small amount of money on a monthly basis. There are numerous advantages of investing in Systematic Investment Plans (SIPs). You may send a one-time instruction for an auto debit every month, thus eliminating the possibility of missing out on a monthly payment. This provides you with a high degree of...

Your children have a better opportunity to seek higher education in several foreign and domestic universities. Parents must start saving for their children’s education early to ensure they have the required corpus to meet the expenses. However, saving for your children’s education must not mean ignoring other goals, such as your retirement. You must differentiate between short-term and long-term goals. An important long-term goal is retirement and you must never compromise on saving for it. This is because any shortfall towards paying for your children’s education may be funded through a loan. However, any shortfall in your retirement corpus is not...