They say, ‘the journey of a 1000 miles begins with a single step.’ Systematic Investment Plans work on the same philosophy.
A SIP is a simple, convenient and disciplined way to meet your financial goals. It allows you to make the most of the growth potential of Mutual Funds, by investing calculated amounts periodically.
There are three important principles of SIP:
Once you answer these questions, our SIP calculator will help arrive at the right amount for you that can help you achieve your goals.
Reasons SIP is a SMART choice for your investments
Specific: SIPs can be very specific to the financial goal you target
Measureable: SIPs showcase their performance every month, thus giving you a status on how your investments are fairing
Attainable: SIPs allow you to invest in small amounts regularly, slowly directing towards attaining your big dreams
Relevant: SIPs allow investments in Mutual Funds that provide a wide basket of schemes to select from based on their relevance to the Investor’s financial goal
Timely: SIPs work on the principle of being timely; one needs to keep aside a set amount of money every one period
Today seems like a good day to start your first SIP.
This article should not be considered as 'investment advice'. We request the Reader to make informed investment decisions and consult their financial advisors to determine the financial implications with respect to investing in Mutual Funds.