Financial planning for everyone

What is a SIP? Systematic Investment Plan

Wealth can be created by investing early and regularly.

It is a method of investing a fixed sum in the units of Mutual Funds at regular intervals. It is like Recurring deposit. It is considered as one of the best ways to accumulate wealth over the long term. The investor can choose a mutual fund based on how it has done over the last 5-10 years and start a SIP. You can find out the ratings of Mutual Funds, their performances since inception, which company stocks they are holding etc. at Value Research Online.

According to new SEBI guidelines if you buy directly from the mutual fund, then there is no entry load!! Time and again it is proven that it is impossible to time the market. The investor can get the benefit of market volatility by investing in a SIP. SIP investor gets better returns compared to one time investor because of rupee cost averaging. If you invest for a longer time, the magic of power of compounding works here.

The advantages of SIP are:

1. Rupee cost averaging.

2. Power of compounding.

This strategy has worked for millions of people around the world. More than anything else, it inculcates saving discipline.

All About SIP by Jago Investor

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Stock Exchange sites.

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National Stock Exchange.