InvestorQ : Is there an investment option where you can decide the amount you want to invest each month?
Dilmini Mercia made post

Is there an investment option where you can decide the amount you want to invest each month?

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Dhwani Mehta answered.
3 months ago
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The most important thing about savings and investment is that they bring discipline to your life and helps you manage things with a standardized budget. They always say it does not matter how much you save, but you should develop a habit of saving. In my point of view, it is prudent to invest/save a fixed amount every month/quarter/year to make your investment more systematic. However, if you are not sure about regular investment, you can organize your investment. Say, you can divide the fund into two parts – one for emergency expenses, and the other for regular investment. This way, you can easily maintain your long-term investment and will also be able to manage funds for any emergency expenses.

You could invest your regular investment in mutual funds, as they provide better returns in the long-run. Now, what to do with the emergency funds? Well, for that you can either put your money in liquid funds which have a short maturity period of 90 days. So, you could be able to earn interest on your emergency fund even in the shortest time. For more and better assistance on how to plan your investment, you can head on to IIFL Securities.

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