SIP is a Systematic Investment Plan, This app will help you to plan your SIP Investment in a better and easy way.
SIP or systematic investment plan offers you benefits like long-term gains, flexibility to withdraw or increase/decrease the investment amount, regular saving, and the facility to make minimum investments of Rs 500.
* How to invest in SIP ?
1. Identify your financial and investment goal:
2. First of all, you should identify your investment goal--whether it is wealth creation for short-term, medium-term or long-term. Start investing in SIP as per your goal. Remember that longer duration SIP yields higher returns.
3. Select the right Mutual Fund.
4. You must then zero in on the right SIP mutual fund which is in consonance with your financial goals. You can compare different SIPs, and select the best.
5. Contact the financial institution, Now you must inform the financial company about your decision to invest in the specific SIP. Fill the requisite form, and complete KYC documentation.
6. Invest when your research is complete and you’re ready to make an informed decision, you can invest in your preferred SIP.
* What are the benefits of SIP?
To maximize mutual fund returns, systematic plans are the most efficient method of investing. You do not need to consider daily market movements to invest your money in these plans. It is recommended that even if you invest regularly, you must opt for SIPs as your primary investment strategy.
* Here are four advantages of SIP:
It brings about financial discipline
It is pocket-friendly
It provides compounding effect
It reduces risk because of rupee cost averaging
Conclusion:
Thus, SIP stands for minimum investments and maximum returns. Invest in an SIP now and reap the returns later!
SIP or systematic investment plan offers you benefits like long-term gains, flexibility to withdraw or increase/decrease the investment amount, regular saving, and the facility to make minimum investments of Rs 500.
* How to invest in SIP ?
1. Identify your financial and investment goal:
2. First of all, you should identify your investment goal--whether it is wealth creation for short-term, medium-term or long-term. Start investing in SIP as per your goal. Remember that longer duration SIP yields higher returns.
3. Select the right Mutual Fund.
4. You must then zero in on the right SIP mutual fund which is in consonance with your financial goals. You can compare different SIPs, and select the best.
5. Contact the financial institution, Now you must inform the financial company about your decision to invest in the specific SIP. Fill the requisite form, and complete KYC documentation.
6. Invest when your research is complete and you’re ready to make an informed decision, you can invest in your preferred SIP.
* What are the benefits of SIP?
To maximize mutual fund returns, systematic plans are the most efficient method of investing. You do not need to consider daily market movements to invest your money in these plans. It is recommended that even if you invest regularly, you must opt for SIPs as your primary investment strategy.
* Here are four advantages of SIP:
It brings about financial discipline
It is pocket-friendly
It provides compounding effect
It reduces risk because of rupee cost averaging
Conclusion:
Thus, SIP stands for minimum investments and maximum returns. Invest in an SIP now and reap the returns later!
Show More
