Every individual needs to be financially independent. For securing their future one needs to invest in the right channel. Mutual funds are one of the most popular investment schemes. Saving one crore rupees is possible with smart investment plans. You can do it by investing only five thousand rupees in a month.
Equity mutual funds could be your trusted friend when it comes to saving for the long term. Even if you invest a small amount of money regularly, you will be able to save a huge corpus in the long run. All credit goes to the compounding factor.
There are several mutual funds available in the market. Returns from equity mutual funds are usually higher than debt or hybrid mutual funds. Though equity investments are often termed riskier than other categories, it is the only instrument that offers inflation-beating returns in the long term.