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Thursday, August 25, 2016

Mutual Fund Investment- Systematic Investment Plan Day - SIP Day - August 26

by Mr. B. Padmanaban, CFPCM


Certified Financial Planner


www.fortuneplanners.com

Mutual Fund Investment - 

Systematic Investment Plan Day - August 26

SIP Day - August 26


Today celebrating a particular day in every year is the latest trend. Many of the day is created in the past is taking advantage of the individual to spend more on those occasion which was started decade back and it still continues with whatever the dates left...

I have list down the recent few which we come across nowadays...

February 14th
Valentine's Day
March 8th
International Women's Day
May 2nd Sunday
Mother's Day
June 3rd Sunday
Father's Day
Last Week of April & 1st Week of May
Akshaya Tritiya
August 1st Sunday
Friendship day
August 26th
Systematic Investment Plan (SIP) Day

All the days mentioned above will make you to spend more for the sake of this day whether you believe it or not!

Recurring Deposit is the word known to many, the challenge in the RD is many utilized it for their short term commitment; no one will look at the bigger picture of that disciplined investment. 

When you build wealth for your future, you need to stay invested long. As well as, it should give higher return than the fixed one, which is nothing but Systematic Investment Plan most popularly known as (SIP).


The bigger picture of power of compounding is felt only in SIP. The investment seems to be very meager when you started, but it gains momentum over a period of time.
 B. Padmanaban, CFPCM
Chennai 
We are living in a world of instant gratification to advance gratification; we all believe there is no tomorrow which reflects in our spending spree.

When you are buying something in EMI, which means you are not deserved for that thing to enjoy today, yet everyone offers EMI, we will also go for it, if we start paying EMI for what we deserve in future, then where you will get money for investing in the future goals? It will never be. SIP is a good EMI, we have already accustomed to EMI for bad, now it is time for us to change to good EMI for our better future.


For the first time we are going to hear next week, something for wealth creation, not on spending, it is for investing your surplus.

Yes, you got it right. From here onward, 26th August will be Systematic Investment Plan (SIP) day. All the credit goes to Kotak Mutual Fund and its team; it is prudent for all the investor to start saving something on that day apart from your existing SIP. 

It need not be in Kotak Mutual Fund, it should be SIP day and we should make the habit of start at least one new SIP every year on 26th for our better financial future.


I could sense the importance, and it is time for you to take action, hope everyone will after all we need some push...

I am waiting…

Look at the link below




B. Padmanaban, CFPCM
Certified Financial Planner
www.fortuneplanners.com

98843 49173
padmanaban@fortuneplanners.com
Mutual Fund Investment- Systematic Investment Plan Day - SIP Day - August 26 Reviewed by S. Chitra on August 25, 2016 Rating: 5 by Mr. B. Padmanaban, CFP CM Certified Financial Planner www.fortuneplanners.com Mutual Fund Investment -  Systematic Inv...

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