Nothing is too small for investment
Not Having huge sums of money cannot be a reason for not investing. Investing starts with any amount.
ICICI Prudential Mutual Fund, Aditya Birla SunLife Mutual Fund, IDFC Mutual Fund, DHFL Pramerica Mutual Fund, Reliance Mutual Fund, Quant Mutual Fund and UTI MF have some schemes in the debt and equity categories that allow investors to invest as little as INR 100.
It is imperative to invest the surplus funds with a goal that and over a period of time you will have to see that the return from investment will be equal or greater than your expenses. Once you reach this point, you are no more dependent on your salary or your regular income.
This stage gives you financial independence and then also gives you an opportunity to spend your income for your egoistic needs.
Even 100 rupees that you invest today will be at least 150 rupees in 5 years if you just do a bank fixed deposit. Incase you invest in equity or other options, you have greater chance of better returns.
Experience the power of compounding. The money invested early on goes on to grow into a huge corpus due to the higher number of years of compounding.
What you have to remember is irrespective of how big or small your investment is, money compounds itself in long run and money works for you if start investing early!
Note: we have no business relation with the organizations mentioned above.
02-11-2020