New Delhi: Ganesh Chaturthi festival is celebrated with great pomp on 7 September 2024. People hope that Lord Ganesha will remove all their obstacles. Just as Lord Ganesha removes all obstacles, in the same way we can reduce our financial problems to a great extent through investment.

If we talk about investment, then the name of Systematic Investment Plan ( SIP ) comes up in mutual funds . SIP is a very popular medium of investment today. Why should one invest in SIP? Before knowing this, we should understand why investment is necessary.

Why investing is important

Lord Ganesha holds a special place in the Hindu tradition. He is worshipped for his ability to remove all 'vighna' or obstacles from our lives. If we look at today's common life, we will find that many times people face 'vighna' or obstacles due to lack of sufficient finance. In such a situation, we need to overcome these financial obstacles by choosing investment options wisely.

Before investing, it is important to understand that savings alone do not guarantee financial security. The reason for this is inflation. Rising inflation is constantly reducing the value of our savings. If we want to raise a large fund for the future or say create wealth and secure our future financially, then we need to invest our savings in the right way.

Why SIP is the best option

Many times people adopt the method of investing on tips or speculative trading to earn more money in a short time. Instead of adopting these wrong methods, it is wise to do SIP in mutual funds.

In fact, in SIP, you can easily invest a fixed amount regularly without worrying about the market fluctuations and increase your wealth over time. This opens the way to financial stability and growth.

Ganesha teaches many financial mantras

Lord Ganesha's big ears teach us to listen carefully to the advice of others. In the world of finance, this could mean paying attention to better financial advice or consulting a qualified financial planner/SEBI registered financial advisor. Ganesha's big head symbolizes wisdom and education. In terms of investing, it means the wisdom to learn from past mistakes and become a wise investor.