Smart Planning for your dream home

 

Smart Planning for your dream home

 

(Source: http://realtybiznews.com/which-are-the-top-3-cities-in-india-where-one-can-buy-affordable-flats/98732668/)

Like everyone else, even I wish to buy a dream home. So while reviewing my financial condition I understood that smart planning is what I need. I was looking on investing around 20-30 percent of my income in some long-term investment options. Furthermore, I was determined to grow this additional money for better returns. Though I didn’t have a great deal of knowledge about the equity markets but I was pretty clear about the better returns being offered for longer run. And again with the thousands of schemes being floated by more than 40 fund houses, it became a disheartening & tedious task in choosing right schemes. Fortunately, here’s what I tripped upon – Birla Sun Life’s “Sabse Important Plan”. And I found this to be amongst the best SIP plans along with being a one-stop solution for fulfilling my dream of buying a home.

What is the Sabse Important Plan scheme?

This SIP investment plan definitely made my choices easier and I am sure it would also lower the dilemma of other people. So, SIP, also known as Systematic Investment Plan, is basically a convenient method which lets you invest in mutual funds through periodic instalments in a disciplined manner. It also provides you the flexibility of investing almost any amount (as low as Rs.1000). And the most important aspect of this plan is the reminder to save and prepare yourself for step by step goal achievement.

This is amongst the top SIP plans that cater to particular financial goals ranging from housing to marriage, retirement or business expansion. It’s a smart choice making investments your priority.

When you go through this scheme which actually stands for Systematic Investment Plan you’ll realise that it can also be your Sabse Important Plan! Isn’t it interesting!

What Actually Happens?

Smart Planning for your dream home
Smart Planning for your dream home

(Source: http://www.thewealthwisher.com/2010/10/13/systematic-investment-plan-sip-of-mutual-funds-the-basics/)

SIP is an investment scheme where you essentially authorize your Bank for sending a fixed amount to a mutual fund scheme.

So this way, Rs. X is transferred from your bank account to the fund scheme account every month. What happens here is that you create a system for your investments every month on a stipulated date. The SIP mutual fund can be initiated on any day of the month.

Smart Planning for your dream home
Smart Planning for your dream home

But for financing this you are recommended to consider the 12th and 25th of every month. Why? Because, this ensures that you save money on the 12th of a month after expending all your bills, or on the 25th after meeting most of your monthly costs. So the SIP helps you average out your cost, reduce the risk and this way generate better returns. This makes your way of investment absolutely convenient.

The SIP by Birla Sun Life  tells me the amount of money  I need to keep aside to achieve my dream.  This is definitely a smarter way to invest and save. So, for which of your dreams have you started saving?

 

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