Why do I
need Savings & Investment Plans?
You have
always given your family the very best. And there is no reason why they
shouldn't get the very best in the future too. As a judicious family man, your
priority is to secure the well-being of those who depend on you, not just for
today, but also in the long term. More importantly, you have to ensure that
your family's future expenses are taken care, even if something unfortunate
were to happen to you.
A big factor
that you need to consider while building your wealth is inflation. It has a
dual impact on your hard-earned savings. Inflation not only erodes your current
purchasing power but also magnifies your monetary requirements for the future.
Sample this: A 35 Year individual needs to invest Rs. 36,000/- per year with 8%
returns to build a corpus of Rs. 10,00,000/- by the age of 50 Years.
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