We all dream of buying that fancy car, owning that penthouse, or even going on that vacation that we think is outside our budget. And then we see all those memes which remind us how our parents were able to buy a house, maybe a car too at our age while we are still struggling to keep the veggies fresh!
The one answer that parents give when asked about their secret is – SAVE! And they couldn’t be more correct about this. Proper financial planning is the key to better living.
So, what are our options?
While there are various options to invest wisely, today, we shall be talking about SIP.
A Systematic Investment Plan (SIP) is a mode of investment for mutual funds in which investors make regular, automated contributions periodically. SIPs help achieve our financial goals over the long term. One can determine the target amount and the amount one would like to invest at periodic intervals in a mutual fund scheme one has chosen.
Select a mutual fund scheme, select your investment frequency, set up SIP with a mutual fund, and voila! You can finally sit back and relax as the money gets automatically debited from the registered bank account and you end up making a smart choice.
Now before you mistake this piece for an advertisement for SIPs, I shall quickly swerve and talk about investment but in a different sector.
Impact Investment – a new and potent way to bring about social change
Impact investments are investments made with the intention to generate positive, measurable social and environmental impact. They aim to tackle a variety of societal issues by making the capital market more accessible to the masses.
Impact investment challenges the stereotypical notion that social and environmental issues should be addressed only by philanthropic donations, and that market investment should focus exclusively on achieving financial returns.
While the social sector often bears the brunt of people’s skepticism about their money being misused, Donatekart has come up with a wonderful solution.
To increase trust, transparency, and impact, we have introduced our monthly giving program, the Social Investment Plan, so that donors can now have the opportunity to donate to their favourite causes every month.
Much like the SIPs, our Monthly Giving plan has multiple advantages – let’s take a look at that –
- One of the major advantages of SIPs is the rupee-cost advantage. In simple terms, SIPs take out your chances of incurring losses by allowing you to invest a fixed amount at predetermined intervals, regardless of the market’s position. Our Monthly Giving Plan, too, takes care of your worries and doubts about donations and gives you the chance of making an impact investment from the comfort of your own home. Again, like SIPs, the amount and frequency of the deduction will be decided by you alone.
- Like the SIPs, we offer you expert knowledge of our team members whose sole intention is to give you a seamless experience while changing the world around them in a positive way. There is transparency and convenience and our monthly updates will always tell you where your money is going.
- SIPs help inculcate financial discipline because you’re committing to investing a fixed amount each month. With our Monthly Giving plan, we give you the chance to spread smiles to countless people in a fixed and periodic manner that drives away the fear that charity is only for the uber-rich. We believe a little kindness goes a long way!
And that’s not all – there’s more to all this. For every contribution you make, you can get an 80G certificate which helps you save on taxes. Finally, as a gesture of thankfulness for making valuable donations, Donatekart also provides a chance to win great rewards every time you donate to a cause.
If you have been with us till here, then we know you would want to take that next step
Don’t worry, we are here to help. You can sign up for the Social Investment Plan in a few simple steps:
- Go to www.donatekart.com/monthlygiving
- Choose the mission you would like to support
- Choose the amount you want to donate every month
- Complete the payment process
And you’re done! Your chosen amount will not be automatically deducted every month. But don’t worry, you can cancel this anytime you want to.
Consistent support can go a long way in ensuring that countless people and animals receive the timely help they need. Just as sound financial planning gives you a planned life ahead, your monthly contributions will be a life-saver to many in need.
