Anagh Pal26 Oct 2023, 13:08
Ahmedabad-based Pranav Jain found out when talking to a colleague that the colleague was investing ₹45,000 in mutual funds (MF) systematic investment plans (SIPs) every month. Since Jain has a similar salary, he felt he was not doing enough as he invests only ₹20,000 a month in MF SIPs.What Jain is feeling is normal as we all tend to compare ourselves to people around us when it comes to the phone we use, the car we drive and so on. Financial planning is no different. However, this can be a problem. Let us understand why.