SIP (Systematic Investment Plan) is Cost Effective
SIP is cost-effective, we can start our investment with the minimum price of Rs 500/-. It's not mandatory to start your venture with the bulk amount.
Rupee-cost Averaging
Benefits of investing through SIP (Systematic Investment Plan) is much better than spending for other plans. An added advantage for opting for rupee-cost averaging, we can buy sufficient mutual funds when the price is at the lower side, and we can sell mutual funds when prices rise. This will help to maintain proper discipline. This encourages the person to commit finance at the low market. On the another hand, it enables one to lower the average cost of their investment.
SIP is cost-effective, we can start our investment with the minimum price of Rs 500/-. It's not mandatory to start your venture with the bulk amount.
Rupee-cost Averaging
Benefits of investing through SIP (Systematic Investment Plan) is much better than spending for other plans. An added advantage for opting for rupee-cost averaging, we can buy sufficient mutual funds when the price is at the lower side, and we can sell mutual funds when prices rise. This will help to maintain proper discipline. This encourages the person to commit finance at the low market. On the another hand, it enables one to lower the average cost of their investment.
Power of Compounding is another benefit of investing through SIP
Under the SIP (Systematic Investment Plan) plan, we will get compounded money which means you will receive additional apart from your invested amount.
Suppose you invest INR 2000. Per month in the SIP for ten Assume you contribute INR 2000. Every month in the SIP (Systematic Investment Plan) for a long time. So toward the finish of the residency, you will contribute INR. 2,40,000 and the aggregate cash you will get at the development is INR. 22,58,984. So the yearly return you will arrive is 35.7%..
Financial Goal Planning - Benefit of investing through SIP
Every person carries great responsibilities like buying the home, providing the best education to their children, marriage and many more. You can fulfil all your needs by investing through SIP
SIP Provides Flexibility - Benefit of investing through SIP
Under SIP, we can change the income invested periodically at any given point in time. As we progress gradually in our career and salary, we can spend more amount and start growing the value of increasing returns. The plus point is there is no such lock-in period in SIP (Systematic Investment Plan) which exists in other fixed deposit schemes
Are SIP Returns Taxable?
Every SIP (Systematic Investment Plan) returns have their policies. It depends which Mutual fund you opted. Equity mutual funds are non-taxable. It always depends when you redeem your amount. If an amount is redeemed before a year, we need to pay profit i.e 15%.
Is withdrawing an option?
The Benefit of investing through SIP (Systematic Investment Plan) is you can withdraw your money at any point of time by closing your SIP scheme. You will not receive the same facility in fixed deposits or any other mutual funds plans.
Tax Saving under SIP scheme
We should be eligible for investment benefits. SIP (Systematic Investment Plan) has a shared tax saving plan. If you are investing in an ELSS mutual fund, you will be eligible for tax saving. Under 80C we can claim a tax deduction of Rs 1,50,000/-
Under the SIP (Systematic Investment Plan) plan, we will get compounded money which means you will receive additional apart from your invested amount.
Suppose you invest INR 2000. Per month in the SIP for ten Assume you contribute INR 2000. Every month in the SIP (Systematic Investment Plan) for a long time. So toward the finish of the residency, you will contribute INR. 2,40,000 and the aggregate cash you will get at the development is INR. 22,58,984. So the yearly return you will arrive is 35.7%..
Financial Goal Planning - Benefit of investing through SIP
Every person carries great responsibilities like buying the home, providing the best education to their children, marriage and many more. You can fulfil all your needs by investing through SIP
SIP Provides Flexibility - Benefit of investing through SIP
Under SIP, we can change the income invested periodically at any given point in time. As we progress gradually in our career and salary, we can spend more amount and start growing the value of increasing returns. The plus point is there is no such lock-in period in SIP (Systematic Investment Plan) which exists in other fixed deposit schemes
Are SIP Returns Taxable?
Every SIP (Systematic Investment Plan) returns have their policies. It depends which Mutual fund you opted. Equity mutual funds are non-taxable. It always depends when you redeem your amount. If an amount is redeemed before a year, we need to pay profit i.e 15%.
Is withdrawing an option?
The Benefit of investing through SIP (Systematic Investment Plan) is you can withdraw your money at any point of time by closing your SIP scheme. You will not receive the same facility in fixed deposits or any other mutual funds plans.
Tax Saving under SIP scheme
We should be eligible for investment benefits. SIP (Systematic Investment Plan) has a shared tax saving plan. If you are investing in an ELSS mutual fund, you will be eligible for tax saving. Under 80C we can claim a tax deduction of Rs 1,50,000/-
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