What is the best way to save ?
Savings is known as habit. Hence if you form a habit of savings, then you are bound to reap the rewards. When we accept savings as a habit, we do not emphasise on the quantum, but regularity. Habit always refers to systematic and regular way.
To those, who still live under controlled economy age, investment in mutual fund is unthinkable. They have to test waters. To experience the risk-reward theory, I always suggest them investment in mutual funds. Depending on their risk profile I choose the fund. The method I always advocate is SIP. Systematic Investment Plan besides making savings a habit oriented one, also ensures value averaging.
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