SIP, STP and SWP- The Unsung Trio of Financial Planning
Financial Freedom is a dream any individual sees for himself. All of them wants to achieve this dream, but they fail to plan. Due to lack of knowledge and fear of downward risk, they fail to plan. This fear of failure makes them stick to investment in traditional fixed deposit and recurring deposit only. “Planning is bringing the future into the present, so that you can do something about it now”- Alan Lakein . Investors should come out of their comfort zone and explore new investment opportunities. One such opportunity is investment in mutual funds. Basically Mutual Funds are managed by experienced fund managers who raise the funds from retail investors and invest in pool of assets which includes investment in equity shares, corporate bonds, company debentures, deposits commercial papers etc. This allocation of asset differs from scheme to scheme which can fit everyones risk appetite. Due to plethora of investment options ranging from debt funds to equity funds, mut...