The best sip plans can be checked out at sipnow.birlasunlife.com and you can then select your respective target (home, car, vacation etc). The online calculator is comprehensive and gives you a suggestion for the recommended portfolio based on your earning, savings and the number of years you wish to invest towards your goal. Although it appears simple to use, the underlying calculations and recommended portfolio is the result of the vast domain expertise by Birla Sun Life. Most of us set vague targets to achieve in the coming years, but this simple exercise lets you know how much money you need in the desired years and also, how would be able to achieve it.
Different goals require respective financial planning and it is not only about the amount of money and the number of years, the most crucial factor here is the investment portfolio. Sabse Important Plan is broadly categorized into below goals to let you have deeper insights:
- Wealth Creation
- Children Education
- Business Expansion
- Tax Savings
For those who are not well aware of the SIP investment plan and mutual funds, the Investor Education by Birla Sun Life can act as a great source of reliable knowledge. The various facts about the required financial planning have been explained here in simple conversational tone. It will surely enable you to have a clearer picture of the path required to achieve what you desire. Maybe next time when someone asks you about best mutual funds for SIP, you too can give them an expert advice.
Financial experts always suggest starting investing money at early stages in our lives as it gives the benefit of compounding. It is that time of the year again when most of us are busy deciding our new year resolutions. We can make a resolution for the upcoming new year by investing smartly for a better future, for the goals that actually matter and the dreams that we care for. To make this process simpler and hassle-free, Birla Sun Life's Sabse Important Plan can act as an expert companion throughout the journey.
Written by Rohit Jha