Can you believe that it is possible to start your investment with a Mutual Fund with an amount of as small as Rs. 100/-? Yes, it is absolutely true that you can invest even a small amount of Rs. 100/- in a Mutual Fund. This investment is made under Micro Systematic Investment Plan (Micro SIP). Many mutual funds such as Reliance Mutual Fund, ICICI Prudential Mutual Fund, etc. provide Micro SIP schemes where you can invest Rs. 100/- per month. So there is no need to worry for those who can save very small amount in a Mutual Fund.
Let's first understand a Systematic Investment Plan (SIP)
Systematic investment plan is an effective way to do financial planning that allows you to invest a fixed amount regularly at a specified frequency say, weekly, monthly or quarterly according to your convenience in a mutual fund scheme. You can choose any plan according to your convenience and achieve your financial goals, systematically. In simple word, Systematic investment plan is a plan of wealth creation by small & regular investment in long run.
Systematic investment plan is a discipline approach of saving. When you start investing in SIP you promise yourself for save regularly. It is very flexible and convenient investment plan as you can increase or decrease the amount being invested. Systematic investment plan is a flexible and hassle free mode for investment.
Systematic investment plans work best for investors who are seeking for long term goals, such as:
The features of systematic investment plan (SIP) that make it fit for equity market are:
I hope now you have understood the importance and benefits of investment in a Mutual Fund through an SIP route. Now don't wait and start your investment today!
Happy investing!
01 May 2024
30 Apr 2024
29 Apr 2024
29 Apr 2024
26 Apr 2024
26 Apr 2024
25 Apr 2024
25 Apr 2024
24 Apr 2024
24 Apr 2024