What is SIP and Why should one start a SIP?
What is SIP and Why should one start a SIP?
SIP, or Systematic Investment Plan, is an investment strategy that allows individuals to invest in mutual funds regularly over a specified period. It involves investing a fixed amount at regular intervals, typically monthly even with small amounts like Rs. 500 p.m.. SIP offers several advantages, making it a popular investment method. Firstly, it promotes financial discipline by encouraging regular savings. Secondly, it provides the benefit of rupee cost averaging, allowing investors to buy more units when prices are low and fewer units when prices are high.
Thank you for reading this post, don't forget to subscribe!Additionally, SIPs offer flexibility and convenience, as investors can start with a small amount and increase it gradually. Overall, starting a SIP is a wise choice as it helps inculcate disciplined investing habits and offers potential for long-term wealth creation.
On an evaluation of the MF schemes it is found some of the established Funds have given a reasonably good returns in the medium to long term horizon. Some funds have given a whopping 25 % p.a and the investors have been reaping the benefits of the highly volatile markets prevailing in India at present. So for the parents it is advisable to open MF accounts at the early age of the children to meet the necessary expenses like marriage, education, Housing needs etc.,
Yes, MF is the best bet at present, more enhanced returns than bank, Post office deposit rates. So MF is always right and more so now ! The Indian Stock markets are performing very well and it is for us to take advantage of it.
SIP helps automate your savings and is a smarter way to achieve your dreams.
Monthly I can Invest ₹25,000 I plan to invest for 15 Years If you invest ₹25,000 every month for 15 years at 12 % rate of return , you may accumulate 1.19 Crores For all your requirements relating to share markets, MF, IPO, Equity share buying, selling, Insurance etc., reach Goodwill Wealth management immediately.