They say well begun is half done. What better way to begin 2020 than to start a SIP (Systematic Investment Plan) that helps you stay committed to your financial resolutions Below are some of the benefits of a SIP.
Power of Compounding
A SIP enables you start investing with just Rs.500 a month, making it possible for almost anyone to get an early start towards achieving their dreams. Time invested in the market is essential to allow the power of compounding to grow wealth.
Rupee Cost Averaging
By investing small amounts across a period of time, you can experience both - market highs and lows - thereby averaging out the cost of investment over time.
Investing periodically through a SIP helps you stay committed to your financial goals no matter how busy your life gets.
You can make periodic investments effortlessly once you sign up for a SIP; a one-time registration process helps you get on track to create wealth for your future. Regular statements of accounts can help you keep track of your investments.
This new year, stick to your resolutions. Invest smart, get systematic.
Start a SIPAn investor education initiative.
An open ended fund of funds scheme investing in equity oriented schemes, debt oriented schemes and gold ETFs/ schemes.