Investment Planning

more units when the price is low and fewer units when the price is high which may man a lower average cost.

3. Simple, convenient and easy to monitor:You do not have to take time from your schedule to make your investments. With a completed application form, one can just submit post-dated cheques or avail the Magnum Easy Pay (auto debit) ** facility and relax. You can monitor your progress of investment through periodic statement of accounts.

4. Benefits of Compounding:The key to building wealth is to start investing early and to keep investing regularly. A small amount of money invested regularly can grow to a large sum. This helps in creating a substantial amount of wealth which includes your own contribution, plus returns compounded over the years. For example, the following graph demonstrates the effect of returns on monthly investments of `1000 per month for a period of 30 years.

  • Market Overview by
    Mr. Navneet Munot,
    CIO, SBI Mutual Fund