Dreaming of buying a bike worth around 1.50 lakh, but don't have much money in pocket? What if we tell you that it is possible even if you have just Rs 4000 now! First of all, do not let it turn into a nightmare by going in for a big debt. Loans are good, but not always. In fact, if possible, you should also learn to save for a big ticket purchase. It is a great way to enforce financial discipline and these lessons will be good for entire lifetime not to mention that you will save a lot in interest. However, do note that this will require you to wait 3 years. The reason? That is how long it will take Rs 4,000 to turn into over Rs 1.5 lakh.   

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Investment has an ability to help you achieve your aspirations. You should learn to harness the power of compounding - it can make you earn more than you can think of! Hemant Rustagi, CEO, Wiseinvest Advisors told Zee Business Online, ''An individual should invest his/her money wisely, keeping in mind the aspiration he/she wants to meet in a given time. A realistic and smart investment can help an individual meet a financial goal, if invested under expert's advice and guidance." 

In the present case, to meet the goal of buying a bike, Rustagi has advised to put money in something called an Equity savings funds. 

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Equity savings funds are a new variant in the equity mutual funds space available in the market. It gives exposure to equities, arbitrage trades, and fixed income securities (debt securities). Depending upon the fund company and fund type, proportion in all three asset classes can be different. Usually these funds have 35 per cent exposure to debt, 15 to 40 percent exposure to equities and remaining is hedged to gain from arbitrage opportunities.

Let's decode the way to purchase a bike worth Rs 1.50 lakh in just 3 years with your own money by investing it smartly. Here are two options explained by Rustagi, which can help you buy your favourite bike in a matter of just 3 years.   

Option 1: Invest Rs 4,000 per month in Equity Savings Fund for 36 months: 
Investment- Rs 4,000 per month
Amount on maturity- Rs 1.63 lakh (approx)
Interest- Net 8 per cent p.a
Principal- Rs 1.44 lakh

In order to meet this goal, the person should invest Rs 4,000 per month in Equity Savings funds for 36 months straight. ''Usually, these funds generate an average return of 10-12 per cent a year, but as LTCG will be applicable after three years, the fund could help in accumulating 1.63 lakh in a period of 3 years, with a minimum net return of 8 per cent per year. It is always better than fixed or recurring deposits with bank,'' explained Rustagi.

Option 2: Invest Rs 5,500 per month in Equity Savings Fund for 24 months:
Investment- Rs 5,500 per month
Amount on maturity- 1.55 lakh (approx)
Interest- Net 8 per cent p.a 
Principal- Rs 1.32 lakh

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"An investment of 24 months will help an individual to remain invested with principal for last 12 months, allowing it to grow for one more year. This will not add any exit load and short term capital gains tax to the person, helping get Rs 1.55 lakh in a period of 3 years, with a minimum net return of 8 per cent per year." explained Rustagi.