Whew! Finally it’s over….. Many students and their parents would have spent sleepless nights in March. Why? Well, this is the month students appear for their final exams. Scampering around last minute to prepare for something that was known a year in advance!

Many believe that last minute cramming will help them sail through their exams and it might, if sailing through is the goal. But hopefully you don’t want to just sail through; you want to come out shining in these exams.

Everyone knows the importance of consistent effort throughout the year. Learning and practicing one concept at a time over a longer period is likely to result in better performance than mugging multiple concepts over a week or less. There is no use in trying to prepare in a week or two for something when you actually had time for an entire year. Frankly, Einstein did not become the genius he was by doing all his experiments in one night!!A big reason for his success was his consistency of effort over longer periods of time.

Your child may not top his/her class in this session or even in this year, but consistent preparedness is sure to show results in the long run.

Hence, it’s time to inculcate the habit of consistent learning among children. And you have to lead by example. What better way than showing them how parents save money consistently over a lifetime to give them better education and a better life. By putting away small amounts every month in a Systematic Investment Plan (SIP) of a mutual fund, parents can start the process of creating wealth over the long term and aim to ensure a secure future for their children. You can start an SIP for any amount (minimum Rs.500 per month) and begin your journey to reach your financial goal. Similarly by studying consistently everyday over the course of the academic year, a student is likely to ensure good results for him/herself.

Like investing regularly, studying too, if done on a daily basis may need insignificant efforts but once it becomes a habit can lead to significant gains in the long run.

Information contained in this article is not a complete representation of every material fact and is for informational purposes only. The recipient is advised to consult its advisor/ tax consultant prior to arriving at any investment decision.