Fulfil Your Duty to Financial Growth: Investing in SIPs during Kartavya Kaal

Fulfil Your Duty to Financial Growth: Investing in SIPs during Kartavya Kaal

FPJ Web DeskUpdated: Friday, August 18, 2023, 11:46 AM IST
article-image
WESTOCK PRODUCTIONS

A systematic Investment Plan (SIP) is an investment plan (method of investing) offered in mutual funds wherein one could invest a fixed amount in a mutual fund scheme periodically, at fixed intervals, instead of making a lump-sum investment. 

 SIP is important for several reasons. Firstly, it helps individuals cultivate the habit of disciplined savings and investment. By investing small amounts regularly, investors can set aside a portion of their income for long-term investments. Secondly, it allows individuals to benefit from the power of compounding. By investing regularly over a long period of time, investors can see significant growth in their investments that would not have been possible with a lumpsum investment.

 When you invest a fixed amount of money every month, you are gradually building your wealth. This can help you to reach your financial goals, such as buying a house, funding your child's education, or retiring comfortably.

 Our Prime Minister, Mr. Narendra Modi, spoke about the significance of Kartavya Kaal over the next 25 years. He emphasized that the next 25 years of India's Independence (2023 to 2047) would be referred to as the "Kartavya Kaal", as the nation places significant importance on the citizens fulfilling their responsibilities. This is a period when India will celebrate its 100th Independence Day. It is also a period when India is poised to become a global economic powerhouse.

 Kartavya Kaal is a Sanskrit term that means "The Time for Duty." In the context of finance, Kartavya Kaal is a time for us to focus on building wealth and financial security. It is a time to invest for the long term to create a legacy for future generations.

 Kartavya Kaal for finance is to make sure that India has the financial resources it needs to achieve its goals. The government will focus on increasing savings, investments, and financial inclusion, and will work to create a more conducive environment for businesses to grow and create jobs.

 Let’s look at how investing in mutual funds through SIP can align our goals in fulfilling our Kartavya to lead a better future:

Start saving and investing early

A systematic Investment Plan (SIP) can help you if you start investing early by allowing you to invest small amounts regularly over a period of time. The earlier you start investing, the longer your investment tenure, and hence better the power of compounding. 

Diversify your investments.

Diversification is a very important aspect contributing to better returns on your investments. SIP investments contribute to portfolio diversification by pooling funds from multiple investors to invest in a range of assets like stocks, bonds, and commodities, reducing the impact of poor performance from a single investment. 

Stay disciplined in the face of market volatility.

SIP instills financial discipline by automating the investment process. Regular contributions encourage individuals to stay invested during market ups and downs, avoiding emotional reactions to short-term market fluctuations.

Set financial goals and make plans to achieve them.

Setting financial goals is crucial for anyone looking to secure their financial future, we can even say it is their Kartavya. One can start investing during Kartavya Kaal for a better future. While choosing SIP as your instrument, you can always choose a desired investment tenure to match your goal.

SIP can play a key role in helping Indian citizens achieve financial freedom and growth in Kartavya Kaal. SIP is a powerful tool for investing in mutual funds that can help Indians to achieve their financial goals and to build a better future for themselves and the country. It is a major duty to fulfil in the instance of Kartavya Kaal. Investors can also take the help of the SIP Calculator on the Bajaj Finserv mutual fund platform to understand their expected future value of investments, and the total returns from their SIP to make informed choices.

RECENT STORIES

Paytm, Paytm Payments Bank To Discontinue Inter-Company Pacts Before March 15 Deadline

Paytm, Paytm Payments Bank To Discontinue Inter-Company Pacts Before March 15 Deadline

Stock Market Opening March 1: Euphoria Spreads To Indian Indices, As Markets Open In Green; Sensex...

Stock Market Opening March 1: Euphoria Spreads To Indian Indices, As Markets Open In Green; Sensex...

Commercial LPG Cylinder Prices Hike By ₹25 From Today; Check Here For Prices In Different States

Commercial LPG Cylinder Prices Hike By ₹25 From Today; Check Here For Prices In Different States

Ambani Family Embarks On Anna Seva Ahead Of Anant-Radhika's Pre-Wedding Celebrations In Jamnagar

Ambani Family Embarks On Anna Seva Ahead Of Anant-Radhika's Pre-Wedding Celebrations In Jamnagar

YouTuber Rajaram Prasad's Journey Of Informing Millions

YouTuber Rajaram Prasad's Journey Of Informing Millions