I came across this great tool of investment and thought of sharing it with you. Its very important for a salaried person to invest his hard earnings in good pay back tools, to meet bulk expenses (like children marriage). There are lot of plans most of them are annual/half/quarterly which are not suitable to salaried person. There are good monthly schemes promoted my small savings giant Indian Post. 
The problem is paying the monthly due in time and low interest rate.
"GOD BLESSED THE INDIAN ECONOMY"
India has witnessed a huge growth in the magnitude of investment in all sectors, so share market is doing quite well on average basis.
All companies doing fund managing services started Mutual Funds but are unable to get the response they expected. So they have started to attract the salaried people by starting "Systematic Investment Plan" (SIP) This plan is specifically designed to attract salaried people. Thanks to "ELECTRONIC CLEARING SERVICE"(ECS) this service is provided by all the banks at present with out any charge. [This can be used both for making payments like distribution of dividend, interest, salary, pension, etc., by institutions or for collection of amounts for purposes such as payments to utility companies like telephone, electricity, or charges such as house tax, water tax, etc., or for loan instalments of financial institutions/banks or regular investments of persons.]
All you need is IFSC "Indian Financial System Code " of our bank account.
The main reason for the success of SIP is ESC, the most important and interesting point of SIP is it allows you to buy shares from stock market through mutual fund managers, as we are committing our selves to invest regularly (say Rs.1000/-) for a very long period (say 30 years), the average cost of the units is always at the lower end. [In simple words when you buy the units in bulk by investing money once in an year, the chances of getting more number of units is less.]
Lets take a look at the gains of SIP for an investment of Rs.3000/- for a period of 30 years, since i am an optimistic person, i will take it granted that Indian economy will continue to attract investment and grow at a constant rate say 24%. This will yield you 18.69 crores for a total investment of 10.8 lakhs.
If you are pessimistic like any other Indian, and if you assume that returns are 15% which will yield you 2.07 crores for a total investment of 10.8lakhs which is quite a huge amount.
So my advice to all you folks is put u r hard earned money in SIP and reap the long term benefits.
The main reason for the success of SIP is ESC, the most important and interesting point of SIP is it allows you to buy shares from stock market through mutual fund managers, as we are committing our selves to invest regularly (say Rs.1000/-) for a very long period (say 30 years), the average cost of the units is always at the lower end. [In simple words when you buy the units in bulk by investing money once in an year, the chances of getting more number of units is less.]
Lets take a look at the gains of SIP for an investment of Rs.3000/- for a period of 30 years, since i am an optimistic person, i will take it granted that Indian economy will continue to attract investment and grow at a constant rate say 24%. This will yield you 18.69 crores for a total investment of 10.8 lakhs.
So my advice to all you folks is put u r hard earned money in SIP and reap the long term benefits.
"The best way to enter mutual fund is SIP"
There are certain drawbacks [units buying/selling fee, annual fund fee, fund exit fee] in SIP which when compared with the benefits are quite negotiable.
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