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Buy Your Dream Home is an Investment

Buying a home is a huge investment. It is one of those decisions that signal the beginning of a new stage in our lives.

Before you jump into the wonderful world of homeownership, it is important to be financially ready for it.Investing in a plan that complements your lifestyle, can simplify the way you save for your dream home in Trichy.

All You Need Know About To Use SIP Based Investment To Buy Home

Systematic Investment Plan is a great option when it comes to contributing dedicatedly for your future. Here, you invest a fixed amount for a fixed period of time and it helps you meet your goals in an organized manner; just like Equated Monthly Installment (EMI), you pay for your home loan. Yes, you have read it right. Do you want to know the reason behind it? Read this:

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Timing the market is not necessary

SIP is a systematic way of investing in the market and therefore you do not need to time the market for it. Once you make a goal of owning a house and you have a plan to reach that goal, don’t wait for the right time to invest. SIP’s ensure that the time you invest is the right time for you. 

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Investment convenience

To buy a house with SIP allows the investor to invest in mutual fund without any hassle or intervention required from their part. The investor only needs to give standing instruction to their bank to transfer a stipulated amount on a fixed day every month towards SIP. This reduces the trouble of the investor to remember and deposit it manually. It also ensures that you do not delay in payments.

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Rupee cost averaging reduces risk

As mentioned earlier, the time you invest is going to be the right time for your house. You can tackle the market fluctuation and gain maximum profit on investments with a long term investing approach of Rupee Cost Averaging. It ensures that when the rates are low, you get more NAV (Net Asset Value) and when the price is high, you get a lesser number of shares. Not only is this automated, it also saves you from the risk of buying more when prices are high. Investing a monthly fixed income maintains the average cost of investment at a lower level thus, giving you profit in a long term.

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Power of compounding increases chances of meeting long-term plans

‘The earlier, the better’ is the mantra to be successful in investments. Compounding is a key factor for investments and returns. The power of compounding comes into play when your returns are reinvested and you earn interest on your interest earned too. The profit is much higher when you do this for a longer period of time. 

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Offers liquidity and is flexible in terms of investment

SIP offers you tremendous amount of flexibility when you invest in it. You can choose the amount which can be as low as Rs. 500 to the tenure of your investment. You can also choose the frequency of your investment as being daily, weekly, every fortnight or every month depending on your convenience. You can stop and close your SIP at any time as well and hence, it provides you with a fair amount of liquidity too. 

How To Make Best Save For a Down Payment On a House?

When buying a house, offering a big down payment can save you a lot of money in the long run.  .Even if you don’t plan to buy a house for several years, you’ve probably started thinking about how to save for a sip payment in the smart way.  Unlike saving for retirement, where the funds you stash away likely won’t be accessed for many more years, a down payment is a large sum of money that you’ll need to access soon with Rajagopuram,Trichy.
 
 

Key Takeaways

Here's How You can Use Your SIP To Buy Yourself Your Own Dream Home

Plan Your Goals

  • Have your goals planned and invest specific amount required to meet them.

Start Investing early

  • The earlier you start,the more profit with power of compounding.

Be Decipline in Investing

  • Invest regularly and follow an organized approach.

Increase Proportinately

  • Increase you investment amount in propotion to you pay hoke.

Buying your first home? Here’s how to plan your investment smartly

  • Planning to buy your first home in a few years’ time, can be very worrying but planning your finances for it doesn’t have to be! Whether you need funds for a down payment or to buy your new house, mutual funds can help you.
  • A great place to start is with a Systematic Investment Plan(SIP) that allows you to save a certain amount of money on a regular basis for your house.
  • To Buy your dream home With SIP you can invest a fixed amount in mutual funds, on frequencies like weekly, monthly or quarterly thus encouraging regular savings and also earn the benefits of power of compounding.
  • It is best to stay invested for a longer period of time to create wealth.Start your SIP today with Rajagopuram build up a sizable corpus for buying your new home in a few years, without losing sleep about it.

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