New Delhi, Aug. 30 -- Saving Rs.25,000 every month is a significant milestone; still, deciding where and how to invest it can be challenging. SIPs in mutual funds, direct stocks, fixed deposits, bonds, and other similar investment avenues can offer investors a wide range of options.

Even then, the final investment decision should consider a combination of factors, including financial goals, current investor age, investment vision, family objectives, and the need for growth or capital stability.

This makes it important for investors to first have a strategic plan towards their investments. They are not required to just choose one asset class over the other; they are also not required to overwhelmingly favour either fixed-income investmen...