The biggest truth of investment is that only small steps lead to big jumps. Similarly, small investment is helpful in creating a big corpus.
October 2, Gandhi Jayanti… Mahatma Gandhi, the Father of the Nation, not only gave the message of non-violence to the world, but his true words are also applicable in our everyday lives. Even the true words of Bapu can give us success in investment. You can earn big profits by learning patience and discipline from Bapu. By adopting Gandhigiri in investment, you can accomplish all your goals.
According to Kalpesh Ashar, founder of Full Circle Financial Planner & Advisors, the biggest truth of investment is that small steps lead to big jumps. Similarly, small investment is helpful in creating a big corpus.
Big benefit from small savings
Small investment in Mutual Funds creates a large corpus. A 500-month SIP (Systematic Investment Plan) can give a big fund after a few years. It is not necessary that you invest only one time in funds, by investing SIP you can earn profits in the long term.
Simplicity is necessary for success
Bapuji used to insist on keeping things simple and easy. Similarly, keep the portfolio of investments simple and easy. Equity, debt, gold and real estate should also be included in the portfolio.
Stay away from structured offers, equity derivatives, instruments that banks don’t understand. Keep in mind that long term investment is more beneficial.
If you have an understanding of the market, then invest in stocks and if you do not have an understanding of the market, then invest in mutual funds. Also include Fixed Deposit in your portfolio. Apart from FDs, you can invest in small savings schemes like PPF, Post Office Scheme, Sukanya and other schemes.
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Put gold and real estate in your portfolio as well. Keep the house you live in in real estate. At most 2 houses are right for investment. Along with the house, keep 10% of the portfolio invested in gold as well.
Cleanliness
Bapu has emphasized on cleanliness throughout his life. Cleanliness is also very important in the investment portfolio. Place Financial Assets in the portfolio. Remember that buying insurance is not an investment. Insurance is a means of protection. Taking insurance for yourself is a good step. Term plan is the best in terms of insurance. Remove non-essential insurance from your portfolio.
My country
Gandhiji always insisted on promoting Swadeshi. There was a time when foreign investors used to run the market, now domestic mutual funds are growing rapidly. AAUM i.e. average asset under management has increased three and a half times in the last 10 years. Currently, there are 2.81 crore SIP accounts. An investment of Rs 8,231 crore is coming every month from SIP.
Walk with everyone
Gandhiji always used to take everyone along. Therefore, everyone’s contribution in achieving big goals is important. Focus on promoting financial inclusion. Investing small amounts will create a big fund. Therefore, small amount of investment ie SIP is beneficial.
Honesty
Along with investment, play the responsibility on the tax front. Pay taxes honestly to advance the country. If you want to earn profits, honesty should also be maintained in investment. If there is a long-term investment, then let it run for a long time. Keep investment consistent with the goals.
Dicipline
Mahatma Gandhi’s only goal was the independence of the country. Gandhiji gave importance to discipline in his life. Therefore, it is very important to maintain discipline even in investment. Continue investing continuously until the goal is met.
Care for future with present
Bapu was currently focused on making plans for the future. So live in the present, make investment plans for the future. Start investing today for future goals. Start investing today for children’s education, marriage, retirement planning.
