The popular investment concept for creating wealth is ‘Start Early. Invest Regularly. Stay invested for Long Term’. Even if the investment is as low as ₹ 500, it is important as it marks the beginning of a journey.
There are several ways to increase investments amounts as you go. In a mutual fund scheme, you can always make additional purchases in the same fund/account. In many fund houses, this can be for amounts as low as ₹ 100 or money can be transferred or switched in from other schemes. You can start a Systematic Investment Plan (SIP), which enables a regular investment into a scheme, much like a bank recurring deposit. Also, many AMCs allow their investors to increase their SIP contribution gradually every year, so as to account for an annual salary or income rise.
Mutual Funds, with their flexibility and convenience are the ideal investment vehicles in today’s busy world.