What Is SIP ?
- The simplest way to invest in Mutual Fund.
- Choose & automate your investment amount.
- The intervals can be monthly, quarterly or yearly.
- This goes on till the end of the tenure.
How To Start On SIP ?
- Set your goals.
- Determine the time needed to achieve set goals.
- Calculate the amount you need to materialize the goal.
- Choose a mutual fund scheme according to your goal, time frame and risk appetite.
Benefits Of SIP ?
- Start with as little as Rs. 500
- Saves you from market volatility (ups & downs)
- Makes you a disciplined investor
- Creates a balance by minimizing the risk to your capital
- Seeks to generate maximized value for your investment in the long run
- Helps you reap the power of compounding
So before investing in SIP prepare well and go for further process, because SIP is subjected to Market Risks.
If you have any query then please comment below.
All The Very Best !