Choosing a monthly savings plan can be quite confusing, considering the wide range of savings and investment plans available in the market. Also, with the increasing expenses and the increase in demand for quality living, finding a money savings plan that aligns with your needs is essential. A monthly savings plan can be aimed at long-term or short-term investments, depending on your financial goals. But here are a few factors that you must consider before choosing a monthly savings plan while aligning with your risk appetite. Understanding a monthly investment plan and its features To invest in a monthly investment plan, you would need to invest a certain sum every month on which you receive a monthly interest or dividend. The features of a monthly investment plan are: Suits
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