
The concept of savings and investments has noticeably changed over the years. The time has come when every individual and prospective investor should realize the significance of these two words and learn to differentiate between them. The result of Evolution of lifestyles has been an increased need of money, which at times becomes difficult to be met by simply saving. The savings philosophy too seems to have changed. Earlier savings preceded expenditure while it is now vice-versa. Simple forms of savings in the form of deposits or administered savings are no longer sufficient to meet the ever-increasing requirements of the household. Thus the time has come to save intelligently through the various avenues of Investment.
It is essential to note that it is no longer sufficient to “save”- the need of the day is to “invest”.
The time has come for us to look at investment avenues, which can beat inflation and help our money to grow further in order to meet our future requirements. Investments in various forms will enable us to meet inflation and protect our purchasing power along with aiding us to generate a sustained income post retirement.