Dreams can only be achieved if you work towards them. Even building wealth is no different. A Systematic Investment Plan (SIP) helps you do just that. SIP is a method of investing a fixed sum, regularly, in a mutual fund scheme. SIP allows one to buy units on a given date each month, so that one can implement a saving plan for themselves. The biggest advantage of SIP is that one need not time the market. Rather than timing the market, investing every month will ensure that one is invested at the high and the low, and make the best out of an opportunity that could be tough to predict in advance.
Benefits of investing with SIP:
Disciplined approach to investments
No need to time the market
Harness the power of two powerful Investment strategies:
Rupee Cost Averaging - Benefit from Volatility
Power of Compounding - Small investments create Big Kitty over time
Lighter on the wallet
Reap benefits of starting early
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