There are enough reports out there showing the higher returns that equity gives in the long run. Dr Collin Roy and his wife Rituparna Roy have gained from this. Their path to seeking better financial products started as it does for many people—wanting to reduce the tax outgo. More than about 10 years ago, to save taxes, most of their investments were in life insurance policies and term deposits. But they wanted better, and they started investing in mutual funds through systematic investment plans (SIPs).
Soon, they moved on to having a complete financial plan, of which tax-saving was only one aspect. At that point, their main goals included investing for their son Suhotro’s education (who was around 12 years old then), to own a house, and have sufficient medical insurance.
