An SIP is a simple, convenient and disciplined way to meet your financial goals. It allows you to invest in Mutual Funds in calculated amounts over a pre-defined period of time. It allows you to make the most of the growth potential of Mutual Funds, by investing periodically and benefiting from Rupee Cost Averaging.
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• You can start with as much as Rs 500
• A SIP allows you to invest specific amounts, periodically in an affordable manner
Compounding is a powerful force in this facility, which essentially means growth upon growth. By investing a fixed amount every month it’s not just the amount invested every month that has the potential to grow, but the growth on the previous monthly installments as well.
It is advised that you continue the race like a tortoise – Maintain a consistent pace and not stop.This can help you manage market volatility, as it lets you average out the cost of your investments over time (A concept called rupee cost averaging).
Investing right is as important as investing early. If you have answers to the below questions, you can arrive at the Right SIP amount:
Click here to learn more about KYC requirements and Grievance redressal.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.