SIP (Systematic Investment Plan)
Start an SIP to make Small easy investments every month and work towards achieving your big financial goals of the future.
So what is your goal? Do you wish to buy your dream car? Do you want to take a world tour? Do you want to plan for a relaxed retirement life? Is it your goal? If yes, then you can achieve it by starting early and investing regularly through Systematic Investment Plans. But it is important to understand your goal first. Understand the nature of your goal so that you have the desired amount of money at the required time.
So, get to know your goals better and plan for them with an SIP
SIP allows you to invest regularly a fixed sum in a mutual fund scheme/s by deducting a fixed amount from your bank account every month.
SIP is a simple and convenient way to create wealth potentially, in the long term.
WHY INVEST THROUGH SIP :
With SIP you can invest small amounts at fixed intervals (weekly, monthly, quarterly etc.) instead of doing a one-time investment.
Power of Compounding
The basic principle of Compound interest implies that small amounts invested over a long period of time would result in a larger return compared to a one-time investment.
Start with just Rs 500
You can start investing in mutual funds through an SIP with an amount as low as Rs 500 and still not feel a burden on your budget planning. Generally, over a period of time you can increase your monthly instalments by a certain percentage, For eg: 15% or as per your comfort.
Rupee Cost Averaging
The equity market is volatile in nature and when you do an SIP investment, you would be buying more units during a slump and less number of units in a blooming market and as a result you could decrease the cost per unit.
Become a disciplined investor
An SIP investment would make you more disciplined in matters of managing your finances. With the option of automated payments, it means you don't have to remember every month.
HOW TO INVEST IN SIP :
- Set investment goals
- Choose the right fund
- Invest the right amount
WHAT IS SIP TOP UP ? :
An SIP Top Up allows you to increase the monthly investment amount periodically. SIP Top Ups can be specified as a percentage or a fixed amount every year.
