I am a retired professor with a beautiful family. I and my wife receive handsome pension every month. Our children are married and settled in two different metro cities in India. We keep visiting their places every now and then. Why not, I love spending time with my children, especially grandchildren. After all, spending time with kids is the best thing I enjoy these days.
Our attendance is a must on their birthdays and other occasions. Every time, I used to ponder and spend days together about the best possible gifts for my grandchildren. My wife used to browse as many sites as possible to find useful items and unique toys as gifts. But, to our disappointment, most of the time, we end up buying something which is already bought by their parents or gifted by someone else in the same party!!
One fine day, my better-half started a conversation on gifts that last long and add value in the future. Basically, we were in search of more useful and valuable things in the long run. Fortunately, the discussion ended up with the best solution we could ever get! We figured out that financial investments in right investments last long and offer better returns by the time kids grow up and reach their milestone ages for higher education, marriage, etc.
We then started looking out for best investment advice from experts. Through a friend of mine, ArthaYantra – an online advisory firm came into light. Even though I was initially hesitant, I luckily decided to give it a try. Now I immensely thank myself for stepping ahead and reaching out to the planners at ArthaYantra. They helped list out and prioritize all my money goals. I received guidance on how to plan and invest in mutual funds to achieve most of the goals.
A diversified, personalized portfolio helped me start with mutual fund investments. The long-term mutual fund investments can beat market fluctuations and yield returns. A SIP of INR 1,000 per month is estimated to fetch approximately 5.5 lakhs rupees in the 15-year time frame, assuming 13% annual return.
These days, I am regularly investing in SIPs for each of my grandchildren. We, as grandparents, are now content and happy that the money is being used for the right cause and with a good motive. Thanks to the power of SIP in mutual funds!!
