How to create wealth from savings?
Evidence states that over a long period equities have created more wealth than any other asset class. So as an option, there is no match to equities to create wealth in the long term.
How could you reduce market risk?
One of the biggest risk in equity market is not knowing when to take out the money and when to put it in. An easy way to avoid this is to opt for a Systematic Investment Plan (SIP) where you invest periodically a fixed sum of money into specific investment vehicle, for a pre-determined number of periods. To know more about the Systematic Investment Plan (SIP) click here.
Ease of execution
The Easy Invest mode of investment saves the time and effort involved in giving multiple instructions to the mutual fund to redeem from one scheme and invest in another and converts it into a single instruction, to be executed over the defined period.
Better returns potential
It gives the investor an opportunity to earn a potentially better return as compared to returns from a savings bank account.
Averaging of Cost
By investing regularly the investor gets the benefit of “Rupee Cost averaging” and benefits from the volatility in the share market.