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Matching Investments With The Goal- A Secrete Of Success

By SiliconIndia   |   Wednesday, November 27, 2013
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Bangalore: Investments are usually done to secure our future, but if done in a better way we can reap more benefits out of it. Most often parents are the ones who opt for investments to provide a better future of their children. There are various investment options like systematic investment plans (SIP), Mutual funds (MFs), and insurance policies and in addition to that there is also gold SIP, reports Priya Nair of Business Standard.

Systematic Investments Plan (SIP) is offered by mutual funds to investors so that they can save regularly and offers a minimum investment of Rs.100. Insurance policies help investor to pay a fixed amount either monthly or quarterly and then receive a lump sum amount in return after a certain period. Fixed deposits are a form of term deposits offered by banks with a higher rate of interest and the minimum tenure is of about 10years, in between this tenure you cannot withdraw money for any kind of emergency.

Around 60 percent of parents choose to go for fixed deposits to secure their children’s future in education as they think it is the right option, of course that can be a right option but there are many other options available in the market. SIP is one of the best ways recommended to save for children’s education by investing small amounts. It’s not only just that, parents must make sure that they pay the premiums on time. Apart from that insurance policies will help you to cover your child’s education by paying premiums monthly or quarterly. Even experts advice to go for SIP as it will give returns which will be about three times.

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