Invest Your Money In Right Direction
Systematic Investment Plan (SIP) is a very easy & convenient mode of making
investments in mutual funds on a regular basis. SIP allows one to cultivate a
habit of savings & creating wealth for the future by starting early.
Offering ease & flexibility, through SIP one can create a planned approach
towards investing right. SIP gets auto-debited from the investors account and
the amount is invested into a mutual fund scheme that has been specified. The
investor then gets a certain number of units which is based on the current
ongoing market rate. Every-time a SIP is made, additional units keep getting
added to the investor’s account. SIP has proved to be an ideal choice of
investments for retail investors who lack resources to pursue active investments.
Benefits Of SIP
1.CONVENIENCE
Offering a hassle-free mode for investing, one
can directly get the SIP amount deducted from one’s bank account via a standing instruction to
facilitate auto-debit function.
2.DISCIPLINED SAVING
By investing through SIP, you commit to saving regularly. So, with SIP, one gets
into a mode of disciplined savings along with creating a path of attaining
one’s financial objectives & goals.
3.FLEXIBILITY
With
SIP, one can decide and increase/decrease the amount as they wish, although it
is always recommended to continue SIP with a long-term perspective.
4.LONG TERM GAINS
Investing
with SIPs leads to long term gains because of the power of compounding &
rupee cost averaging. Rupee cost averaging is an automated market timing
technique that eliminates one’s need to time the market.
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