Save and grow wealth by investing via SIP in Mutual Funds
SIP or Systematic Investment Plan is a plan through which a person can invest a small amount in a mutual fund at regular intervals (monthly/quarterly).
SIP averages your investment cost over the investment duration and gives the flexibility of choosing your own amount and frequency, making it an ideal investment option for any investor.
SIPs can be started with as little as ₹500 each month. you can choose the frequency as monthly or quarterly for investing. Some Mutual Funds also give the facility of Daily SIP.
Achieve your long-term financial goals as your investments are broken down into smaller, regular investments.
SIPs offer freedom from being on the constant look out for opportunities to time the market.
SIPs inculcate financial discipline making you invest a fixed amount consistently at regular intervals. By starting early, even with a small amount, you can build a sizeable corpus over a period of time to achieve your financial goals.
Every month/quarter a specific amount (decided by the investor at the start of SIP) is deducted from the investor’s bank account and invested in the chosen mutual fund scheme.
Every time the amount is invested, units of the scheme (as per NAV) are allotted to the investor.
Since your investment amount gets broken down in equal installments, your investments average out the market ups and downs resulting in averaging your cost.
Investor can redeem (withdraw) units or switch out to another scheme, anytime he/she wishes to do so. (Please check the scheme related documents as some mutual funds would have a specified lock-in period.) BS
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