When you plan to do investments make sure that you build an investment portfolio that includes your expenses, net income, and financial objectives along with the risk profile. On the premise of what your pocket allows, one can easily opt to invest a lump sum amount may be like investing in a Systematic Investment Plan (SIP).
Individuals who wish to invest in the mutual funds most of the time opt for a SIP, wherein a fixed sum is deposited under somebody's name. It turns out to be simple for them to fabricate riches utilizing normal little instalments. Realize what is the essential contrast between the SIP and mutual funds. Yet, now and again, the accomplished financial specialists select to put a tremendous measure of cash in a more direct plan when in case not performing great yet, later on, will rise. They put resources into direct plans where they see a gigantic capability of more significant yields. Now, this is exactly what we refer to as a one-time investment plan or a lump sum investment. Realize in the case of putting a Lump entirety in Mutual funds the correct decision for you. Where an individual puts a whole of cash in a plan, which will in all likelihood acknowledge over the long-term.
Investments are consequential because in this day and age, simply earning money isn't abundant. You buckle down for the money you acquire. However, that may not be sufficient for you to lead an agreeable way of life or satisfy your fantasies and objectives. To do that, you have to bring in your money buckle down for you too. This is the reason that investment is important. Money lying inactive in your financial balance is an open door lost. You ought to invest that cash cleverly to receive great returns in return.
Since there are such a significant number of kinds of investment vehicles, it is typical for a financial specialist to get overpowered. Another person to investing would not where to put away the hard-earned money. Settling on an inappropriate investment decision can prompt money related to misfortunes, which is something that nobody needs.
At any stage in life, an individual will require funds. Therefore, individuals must build a corpus of wealth. The needs of every individual are not the same and may vary from person to person. The investments will lead to more of savings that will help an individual to achieve the financial objectives, which could include the retirement planning, education of the child or maintain a specific lifestyle and much more.
Therefore, it is time to identify and assess your needs and try to build a corpus at the earliest with the proper understanding of the market and the one-time investment plan, which will help you to grow the money while you do not need to do much about it.
With a plethora of one-time investment plans available in the market, there is no short cut to avail the best. So take out a little time from your hectic schedule and make the choice that not leaves you in regret.
So, before you choose to invest in a one-time investment plan, it is important that you deeply analyze some factors and then only make your investment decision.
Listed below are the key factors that can affect your decision of going with a one-time investment plan:
Primarily, you must have an understanding of the investment market. In case, you need any help you should not refrain and get clarity from the individual who has an understanding about the same. Before, you choose the one-time investment plan make it sure that you have done the required calculations and analyzed the data of the performance of the fund.
Now, before you make the investment decision you must be aware of the requirements that you are looking forward that implies whether you are going forward with a long term investment plan or short-term investment plan. Specifically, when it comes to investing in funds a little homework is of no harm.
Now, when you have opted for the one-time investment plan, it is important to be patient enough and do not panic or make any rash decision. Sometimes, the market at least it’s time to perform. Investing in funds is not a good idea if you are expecting returns immediately. Therefore, investing in funds is a wise choice only when you keep patience with a certain one-time investment plan.
Listed below are the key advantages of one-time investment plans:
Fixed Deposits Vs 100% Guaranteed Return Plans
|Tax benefit on premium||48,800|
|Tax paid on return*||As per tax slab*||No Tax|
|Maturity Value||Guaranteed Upfront||Guaranteed Upfront|
Listed below are some of the disadvantages of one-time investment plans:
Wrapping it Up
All in all, if you recently have a good sum of money after you have cracked a business deal or you have sold a property, and so forth then you can think about one-time investment plans.
So anyone who has reasonable savings can easily opt for one-time investment plans.