Do you know what is SIP? How to invest in SIP? So friends, today we are going to tell you everything from SIP Meaning In Hindi to everything about it. So read this article completely and thoroughly.
Perhaps you must have heard about SIP from someone, invest in SIP, it is very good or someone must have told you that you know about SIP, only then today you come here to know about SIP.
That's why today we are going to give you a lot of information about SIP. This information will be very useful for you, and you will get to know a lot about SIP, which you will hardly know.
What is SIP? Full details of SIP
Today in this article we are going to tell you, what is SIP and what is its work? More information will be given to you through this article, so let's go ahead.
Your emphasis should always be on saving money. With this, you will be able to achieve your financial goals, and you will be able to face problems in the future.
Investing in mutual funds through SIPs has grown exponentially in the last few years. If you also want to earn a good return on your savings, then we are telling you how you can easily invest in SIP, so let's know about SIP.
What is SIP?
SIP i.e. Systematic Investment Plan This is a facility given by mutual funds to its investors, which allows them to invest in the fund for a fixed time period, and which is called SIP.
Investors can also start investing in mutual funds through SIP with a minimum amount of Rs 500. Every month a fixed amount is invested in the chosen mutual fund from the investor's bank account. The investor is then given a fixed number of mutual fund units in return, based on the Net Asset Value (NAV).
If you want to get a regular and balanced wealth, then you should invest your saved amount through SIP. By doing SIP, not only are we increasing our savings, but through this we also get tax exemption.
SIP is mostly used to invest in Mutual Funds. In this method, instead of investing the entire amount at once, the investor keeps on investing a fixed amount at a fixed time interval.
Like the investor has started SIP of 1000 rupees per month, then he will keep investing 1000 rupees in that mutual fund every month.
Investing your small amount every month or every quarter does not increase the financial burden on the investor. Therefore, even a person with very low income can make this investment.
Benefits of SIP
A disciplined approach towards investing helps a lot in building wealth in the long run.
The earlier you invest, the more your money grows over time.
According to the income and saving capacity, the amount of SIP can be increased or decreased.
It allows you to start and stop SIP as per your wish.
After starting the SIP without any restriction, the date of its tenure can also be changed.
You can reap the benefits of a huge amount of your investment after some time.
If you close the S.I.P in a poorly performing fund, the fund house does not charge a fee.
If you want to increase the amount of your SIP, then you do not need to start a new SIP for this. You can increase the amount by increasing the existing SIP.
There are many benefits to investing in SIP. You can start SIP for any number of years. On the other hand, if you want, you can also stop it in the middle. There is no penalty for stopping the SIP in between. Apart from this, you can also change your SIP amount in between.
In every scheme of mutual funds, several dates are given for SIP. You can choose any date. If you want, you can also start different SIPs of the same mutual fund scheme for more than one date.
This way the investor does not need to go through manually and pay his installment amount, the technology works for him.
In most mutual fund schemes, SIPs are allowed to start from Rs.500. There are only a few schemes where SIP can be started with a minimum of Rs 1000.
If you start any good mutual fund scheme with a SIP of Rs 500 a month, then it will grow in this way. Here the return is considered to be up to 12 percent.
Best mutual funds to invest in.
HDFC Small Cap Fund
DSP BlackRock Midcap Fund
HDFC Mid-Cap Opportunities Fund
Axis Focused 25 fund
ICICI Prudential Bluechip Fund
L&T India Prudence Fund
Mirae Asset India Opportunities Fund-Reg
SBI Blue Chip Fund-Reg
Franklin India Prima Plus Fund
TATA India Consumer Fund
What is the risk in SIP?
Lack of money every month.
Currency and foreign investment risk.
liquidity risk.
Market and policy change risk.
Hidden charges and fraud.
how to invest in SIP
To start investing in SIP, you have to first complete the KYC formalities. For this, you will have to keep a check book ready to give PAN card, address proof, passport size photograph and bank details.
In the next step, you go to the website of the fund house where you want to invest through SIP. Here you have to give basic information like your name, date of birth. Softcopy of PAN card, address proof and photo will also have to be uploaded.
After this, an appointment for a video call will have to be taken for verification. During the videocall verification, you will also have to show your Aadhar card and PAN card.
After the verification process is completed, you have to choose the mutual fund scheme of your choice, in which you want to invest. To register a new account, you need to fill an application form. After giving all the information here, the ID password will also have to be selected. Here you will also give bank details.
When the registration is complete and you get the confirmation from the fund house, then you can start investing.
Conclusion-
Friends, in this way now you must have come to know what is SIP? And at the same time you must have got to know many more information about SIP. Today you must have got some information about SIP through this article. Which would have worked for you.
If you still don't understand anything, or you want to ask us something, then you can ask us in the comment box given below. We will do our best to help you.
And also, if you liked this article, and you got to learn something good from it today, then definitely share it with your friends and also inform them about SIP.
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