Systematic Investment Plan (SIP), What it is ?
A Systematic Investment Plan from Mutual Fund is similar to
a recurring deposit which inculcates a disciplined approach of investing In
Mutual Fund Scheme.
How does SIP work?
Systematic Investment Plan (SIP) enables you to invest preset
amount of money in the opted scheme based on the applicable NAV of each
transaction date .Each transaction will fetch you additional units that will be
added to your investment at regular intervals.
Conditions
SIP Date depends on the company option available
like 1st,7th,15th and 25th etc of
every month.Some of the company any day SIP date available.
SIP amount should be uniform except 1st
Investment.
All the subsequent SIP should be on uniform
date.
There should be at least 30 days gap between first and
subsequent SIP date.
Auto debit /ECS facilities available in select
cities and banks.
Benefit Invest Through SIP
A health investment is
a must in today’s market.SIP is a simple ,convenient and disciplined way
to meet your financial goals. Irrespective of market conditions, it invests as
little as Rs.100 every month and helps you achieve your financial goals.
Did you know?
If you had
invested Rs.10,000 every month since January 1995 market value Rs.5,24,37,285 (Total
investment value Rs.24,80,000). Value as on 3/08/2015.If you read the article today call and check the value then invest.You know POWER OF SIP.You can start SIP within two minutes.
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