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They say, ‘the journey of a
Systematic Investment Plans work on the same philosophy.
A SIP is a simple, convenient and disciplined way to meet your financial goals.
It allows you to invest in Mutual Funds in calculated amounts over a pre-defined period of time.
It allows you to make the most of the growth potential of Mutual Funds, by investing periodically and benefiting from Rupee Cost Averaging.
Compounding is a powerful force in this facility, which essentially means growth upon growth. By investing a fixed amount every month it’s not just the amount invested every month that has the potential to grow, but the growth on the previous monthly installments as well.
The earlier you start, the longer you can invest, the greater you can earn.
It is advised that you continue the race like a tortoise – Maintain a consistent pace and not stop.This can help you manage market volatility, as it lets you average out the cost of your investments over time (A concept called rupee cost averaging).
Investing right is as important as investing early. If you have answers to the below questions, you can arrive at the Right SIP amount:
It’s the kind of investment approach that imparts a discipline and a steady habit of investment in the life of investors. When you need to achieve specific financial goal, being regular and systematic remains to be the key.
By investing a fixed amount at different time periods, you buy more units when the markets are down and lesser units when they are high. Over a period of time, the cost per unit averages out. This concept is known as ‘Rupee cost averaging’
The earlier you start investing with SIPs, the better it is. Even if you save a small amount per month, your investment compounds over a longer term and can give you an advantage for wealth creation. This concept is known as ‘Power of Compounding’
A Top up with SIP, as a facility allows the investor to increase the amount of his SIP instalment by a fixed amount/percentage at pre-defined intervals. A Top up with SIP can help you build more wealth and achieve dreams faster.
Click here to learn more about KYC requirements and Grievance redressal. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.