The Savings and Investment Challenge!
Smart Money July 13, 2022
Team LXME
Embark on the dual journey of financial growth with our guide on Savings and Investment. In this comprehensive exploration, we navigate the intricate landscape of managing both savings and investments.
Uncover the challenge and triumph of striking the right balance, ensuring your money works for you today and secures your future. Join us in unraveling the secrets to mastering the savings and investment challenge, paving the way for a robust financial future.
Hey Lovely Ladies!
Last year was all about My 66K Challenge where you learnt how to save your money. This year, it’s time to level up!
We bring to you ‘The Savings and Investment Challenge’!
Don’t just SAVE your money but GROW it instead to achieve your Financial Goals.
3 things you need to participate in the Savings and Investment Challenge 2023:
1. ME Account: “ME” account is nothing but a savings bank account that you use to participate in this challenge. It’s called a “ME” account because you are using it for yourself for savings & for making investments. You do not spend money from this a/c.
2. KYC Verification: It is a mandatory procedure that has to be carried out by all financial institutions to verify a client’s identity. Your KYC must be verified before you can start investing in Mutual Funds. If you are not KYC verified, our relationship managers at LXME can always help you through the process. Simply, call us on this number 0291-6661010
3. LXME Investment Account: A FREE Account that you can open at LXME to start investing. If you’re already investment-ready then Awesome!
If not, watch the video to know how you can open your LXME account. Click here!
Want to know how you can participate in this challenge? Keep reading!
All you need to do is follow these 3 steps:
Step 1: Select one basket as per your goal: 25k, 50k, 100k
Step 2: Save: Each day, LXME will announce a number on the community starting from 1st March 2022 and you need to transfer the amount based on the basket you’ve selected into your ME Account.
Step 3: Invest: At the end of each month, you will end up with a fixed amount of money. You can invest this money as a SIP in our expert-backed Mutual funds and grow your money.
Pick from our small token funds: Rs.100 Equity Fund and Rs.100 Debt Fund. Want to know which fund is right for you? Hear our Money Coaches telling you how to pick the right mutual fund for yourself. Click here to watch the video.
Let us make this happen!!!!!
#LevelUpwithLXME #SaveandInvestwithLXME #LXMEChallenge
Share this blog with your friends and family if you find it insightful!!
Download the LXME app now to start investing! Happy Investing!
FAQs Around Savings and Investment
What is Better: Saving or Investment?
Balanced Approach: Discover the harmonious synergy between saving and investment in LXME’s insightful guide. Learn why a balanced approach, leveraging both, is often the key to financial success.
LXME Expertise: LXME’s expert analysis sheds light on the distinctive roles of saving and investment, helping you make informed decisions based on your financial goals.
Is There a Relationship Between Saving and Investment?
Inseparable Partners: Uncover the inseparable relationship between saving and investment. LXME’s guide explores how strategic saving can fuel your investment endeavors, creating a robust financial foundation.
Strategic Wealth Building: LXME’s comprehensive insights highlight the strategic interplay between saving and investment, offering a roadmap for effective wealth building.
Navigate the dynamic landscape of saving and investment with LXME’s expertise, ensuring a holistic financial approach tailored to your unique goals.
To stay connected with LXME and access inspiring content, follow us on Instagram and subscribe to our YouTube channel.
New Investor? Request a Callback.
Fill in your details and we will guide you at every step
other blogs
Smart Money April 17, 2024
Bear and Bull Market: What’s the Difference?
In bear markets, prices are falling, investor confidence is low and the economy is declining. While, in bull markets, prices are rising, investor confidence is high and there is good economic growth. You must have heard the terms ‘bullish market’ and ‘bearish market’ on the news. But, what do bear and bull market mean? Is … Bear and Bull Market: What’s the Difference?
By Abhibyakti Singh
Smart Money
What is Udyogini Scheme? Features, Eligibility & Documentations
Financial assistance has the power to transform a woman’s life, especially an underprivileged woman. This is why the Women Development Corporation offers a scheme called Udyogini Yojana to provide women with monetary help in setting up their business. What is the PM Udyogini Yojana Scheme? What are some Udyogini Scheme details? Let’s find out! What … What is Udyogini Scheme? Features, Eligibility & Documentations
By Abhibyakti Singh
Smart Money April 11, 2024
Mahila Udyam Nidhi Scheme: Eligibility Criteria, Interest Rate & More
The Mahila Udyam Nidhi Scheme aims to support women’s entrepreneurial ventures. It is an initiative by the Small Industrial Development Bank of India and offers financial assistance to women entrepreneurs at special interest rates. Women have proven that they can do anything they set their minds to. Against all odds, women are setting up their … Mahila Udyam Nidhi Scheme: Eligibility Criteria, Interest Rate & More
By Abhibyakti Singh