SIP : The Winning Mantra To Build Wealth

Systematic Investment Plan (SIP) is a disciplined way of investing, where you invest fixed amounts at a regular frequency. You often decide to start saving and investing regularly, but get caught up in your day to day activities and forget investments. SIP, the time-tested investment approach helps bring in the much-needed discipline, and has shown good results the world-wide.

what are advantages of SIP?

An SIP helps you reach your financial goals by investing a fixed sum monthly / quarterly, in your chosen fund, for a pre-determined number of periods. So that you - 

• Average out on market fluctuations (no need to time the market). 
• Get investment discipline, helping you invest for and reach your future goals. 
• Invest disposable funds – that might otherwise lie in Savings accounts, earning low interest and letting inflation eat into them.

How to start an SIP? 

• Pick any date of a month, then fill out an SIP form and an application form.
• Draw post-dated monthly / quarterly cheques , adding up to at least minimum investment of scheme.
• Monthly - Start with any dates of any month, and stick to the same date of every month.
• Quarterly - Start on of any month, and stick to the same date of every third month.

If in any month the chosen date is not a Working Day, the transaction will be completed on the next Working Day.

So, going forward, the question is not ‘Are you going to invest?’, but ‘WHEN are you going to invest?’ And the answer is — Start today!