SIP - Systematic Investment Plan
It's all about getting one step closer to achieving your goals by investing in a SIP.
Let's say you often go out with friends or family for movies, brunch, shopping, short trips, and more every week. But what if you skip just one of those outings and invest that money in a SIP instead? That's one less indulgence and one more step toward your financial goals. It's all about choosing long-term wealth over instant gratification, trading a fleeting moment for a lasting reward.
Sounds interesting? Why not give it a try!
Start a SIP today!
SIP (Systematic Investment Plan) is a method of investing a fixed amount regularly (monthly, quarterly, etc.) in mutual funds. It's like a disciplined savings habit where money is auto-debited from your bank account and invested in a chosen mutual fund scheme.
The money you invest has the potential to generate returns, which are in turn invested back in the market automatically.By starting early and investing consistently you harness the power of compounding through SIPs and have the potential to build wealth over the long term.
You have the flexibility to invest in the scheme of your choice - be it equity, hybrid or fixed income schemes. What's more SIP allows you to increase, decrease or even pause your SIP investment should the financial circumstances change.
By investing a fixed sum of money at regular intervals, you buy more units when the markets are down and fewer units when they are at a high. Thereby averaging out the purchase cost, which could potentially reduce the impact of volatility on your investments.
You can start an SIP with as low as Rs. 500. This makes investing in markets accessible to a wide range of investors.
Starting a SIP means regular investment till the SIP matures. This means that whether markets go up or down, your investment continues till the date of maturity.
Be patient. Be smart. Use this opportunity and aim to let your savings of today turn into wealth for tomorrow.
