1.Your Emergency Fund
It helps you increase your money which you can set aside for an emergency. You don't need to borrow money to pay the medical bill
2.Meet Financial Goals
You can meet financial goals such as holidaying abroad, buying a car or even setting aside money for retirement.
3.Increase Your Wealth
If you want to become rich, just saving money is not enough. You need to invest. Investing helps you gain the benefits of compounding
4.Tax Benefits
If you invest in equity linked saving schemes a type of equity mutual fund, you get tax benefits on your investment.