Systematic Investment Plan (SIP)
- WHAT IS SIP?
- WHERE TO INVEST?
- HOW TO INVEST?
- HOW DOES INVESTMENTZ HELP IN
- HOW TO SELECT AN SIP
- HAVE YOU STARTED YOUR SIP WITH INVESTMENTZ?
- JUST FOR INFORMATION
What is SIP?
Power of compounding is the only lesson that one needs to learn for successful investing. The popular story of a king who promised to give one rice grain to a beggar and then double it every day, ended up in emptying the entire food stock is the best example of compounding. Invest and what is earned on investment is reinvested along with fresh regular investment is nothing but an SIP.
SIP as the name suggest is a systemic investment plan wherein you invest a fixed amount at a regular interval of one week or month. The investment is made with a goal in mind. The goal may be to buy a house or children's education, vacation trip or just for retirement.
Where to Invest?
All investment options like equities, mutual funds, fixed income instruments, gold or Exchange traded funds can be periodically invested in.
How to invest?
You need to open an SIP account with an intermediary or a mutual fund if you wish to invest in mutual funds. A mandate needs to be registered with your bank so that a fixed sum is debit to your bank account and given to the intermediary for investment. You also need a Depository account to keep custody of the assets that you invest in.
How does investmentz help in investing?
We at investmentz have excellent options to invests in SIP. Equity baskets is our signature product which helps you invest in a carefully selected list of shares belonging to Large cap, medium cap companies and small cap companies. We also offer SIP in Mutual funds.
How to select an SIP
Your financial goal and risk appetite are very important in selecting a SIP basket. Safety, liquidity and returns must be equally balanced when this section is done. Kindly go through the information on each product to understand to what extent your risk appetite matches your investment.