Young Investors in India

The younger generation in India is now investing more and investing smartly. They earn more money thanks to the growth IT and the ITES industry in the country. They draw a salary from 10,000 to 80,000. Initially they were happy without making any investments and after a couple of years when the tax bills come they were upset as it put a huge dent in their income. Now they have become smarter and plan their investment and savings

The options available before them are plenty with the emergence of banking sector as one of the growth drivers of the country's economy. Stock market is a bit like gambling so most of them prefer to invest in the mutual funds and unit linked insurance plans. Rather than just going for any insurance plan unit linked insurance plan is a combination of mutual funds and insurance.

With the growing influence of technology and the internet people use use them to their advantage to earn more money through their investment. Today many tax consultants are available who make your money work for you. Ofcourse they charge you for their services but nothing good comes for free. So a little money spent wisely can make your investment fruitful rather than just going for a random investment plans which may not be that good

Some useful sites regarding making investment decisions are
www.finerva.com
www.investopedia.com
www.moneycontrol.com
www.educatedinvestor.com
These sites can be used to understand your budget and savings, and help you keep a record of your monthly expenses. I am sure you will make investment a priority for tax savings. Hope this blog was useful. Happy investing!!!

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