Is your saving is enough to live a happy and healthy life? If no, investment is a better plan to grow your income and lead the better experiences. With increasing age, it adds to more responsibilities. Here your saving will only fulfil your basic needs. There are numerous venture designs in the market, and the best strategy is SIP with mutual funds. There is a massive demand for this plan in the market.
You might be thinking, what is SIP and how to start SIP investment?
SIP or Systematic Investment Plan is a mode of investment with mutual funds. It's generally a long-term investment plan, and the tenure is 10 - 15 years. The investment will be periodically monthly or quarterly. Investment means risking your funds in the market.
With SIP (Systematic Investment Plan) mutual funds, there is no risk involved. Even if there is a high fall or downfall in the market, every person investing in this plan will receive a certain amount of money, as decided at the time of investment. Systematic Investment Plan means who is funding buys a particular unit of a scheme. It's a risk-free investment.
You might be thinking, what is SIP and how to start SIP investment?
SIP or Systematic Investment Plan is a mode of investment with mutual funds. It's generally a long-term investment plan, and the tenure is 10 - 15 years. The investment will be periodically monthly or quarterly. Investment means risking your funds in the market.
With SIP (Systematic Investment Plan) mutual funds, there is no risk involved. Even if there is a high fall or downfall in the market, every person investing in this plan will receive a certain amount of money, as decided at the time of investment. Systematic Investment Plan means who is funding buys a particular unit of a scheme. It's a risk-free investment.
How to Start SIP Investment?
So how to start sip investment? A person can start SIP (Systematic Investment Plan) at any given point of time in an open-ended mutual fund scheme. You need to follow the simple steps, complete the application form with SIP (Systematic Investment Plan) mandate. Complete the whole process. Time taken by the bank is 10 - 30 days for registering the customer SIP (Systematic Investment Plan) mandate.
So how to start sip investment? A person can start SIP (Systematic Investment Plan) at any given point of time in an open-ended mutual fund scheme. You need to follow the simple steps, complete the application form with SIP (Systematic Investment Plan) mandate. Complete the whole process. Time taken by the bank is 10 - 30 days for registering the customer SIP (Systematic Investment Plan) mandate.
- As per your needs, kindly decide the mutual fund scheme, an investment which best objective and financial goals which satisfy your requirements.
- Kindly fill an online SIP (Systematic Investment Plan) form by submitting all the essential details required.
- Provide NACH mandate.
- Know your KYC, and complete the desired form.
- You can submit the form in the respective mutual fund distributor/relationship manager/agent/investment advisor or at register office and Transfer Agents (RTA) / AMC.
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