When you graduate from college, get a job and start earning, you realize just how much responsibly lies on your shoulders. It dawns on you that merely earning is not enough. There is a need to start planning and saving in advance, so that you have funds saved up for different events, which may emerge in the future.

This includes everything form; saving for marriage, children, their education, health care and even retirement. There are a number of things to think about and if you plan for them all at once, it could be very stressful. Hence, it is important to start early and make it a point to invest regularly.

However, when you are just getting started, you do not have funds in bulk, thus it becomes difficult. A better option is to go for a wealth building plan, which allows you to increase the amount of capital in hand, as time passes. There are a number of options here and one of the most effective is the Systematic Investment Plan.

Here a certain amount of money is invested into mutual funds on regular bases. It could be monthly, semi-annually or annually, depending on the convenience and the financial goal. In order to determine how much you need to be investing to reach the goal by the end of the plan, a mutual fund SIP calculator can be used.

Here you have to enter the tenure of the scheme, the amount you will be investing, the frequency of the instalments the expected return and the annual rate of inflation. Using this information the app will give you a rough overview of what the outcome of the investment will be like, in the form of the future investment value.

The advantage of this scheme is that it is operated by professional fund managers, who make more purchases of shares at a low price and few purchases of equities that are priced high. In this manner growth and development is constant irrespective of fluctuations, which are taking place in the market.

This is a great option for you, if you are a new investor as it helps you to learn discipline. A certain amount of money must be set aside every month, in order to make the payment of the instalments. This will help to teach you to save and invest regularly. It also goes a long way to help in the building of capital for the long-run.

Hence, you can easily work towards accomplishing a financial goal and start saving for the future in a systematic manner. It is best to start early and to be disciplined about saving, in order to build up capital and be closer to achieving you dreams for the future.