In the recent years, especially after the phase of demonetization a lot of online ways were getting popular. One of them of SIP and mutual funds. Demonetization forced people to think about online and cashless transactions but still people are unaware about the procedure relevant.
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| SIP plans | Image Source : timesofindia.indiatimes.com |
Demonetization made people aware about various ways to deal online with money but not fully aware about how to go about the process. Only millennial's these days have a complete knowledge and know full fledged facts about SIP plans and how to invest in SIP online. Today we can find lots of Mutual Funds providers such as Kotak Mutual Fund online, who have made the SIP plans accessible online. One just need to select the proper plan fill in all the details online and the SIP gets started.
The popularity of SIP or systematic investment plans has grown over the past passage of years which is also because of the various advertisements and campaigns. Although, many investors still are very confused about the SIP plans.
Many people in the country still think of SIP as a product and its a very common notion. A lot of people still think of SIP as a way to achieve their goals. SIP and mutual funds are not synonymous and similar in nature. A SIP is a mere product which helps you make your investments in mutual funds on time. It usually involves equity mutual fund schemes.
Usually people and investors are suggested as well as not recommended to invest in lumpsum amounts in equity mutual funds over a period of time. It is basically a convenient tool of investment for salaried and regular investors to invest in mutual funds.
Just as the saying says, drops of water help forming an ocean, similarly small and regular investments can help you form a great amount of wealth over a period of time.
The popularity of SIP or systematic investment plans has grown over the past passage of years which is also because of the various advertisements and campaigns. Although, many investors still are very confused about the SIP plans.
Many people in the country still think of SIP as a product and its a very common notion. A lot of people still think of SIP as a way to achieve their goals. SIP and mutual funds are not synonymous and similar in nature. A SIP is a mere product which helps you make your investments in mutual funds on time. It usually involves equity mutual fund schemes.
Usually people and investors are suggested as well as not recommended to invest in lumpsum amounts in equity mutual funds over a period of time. It is basically a convenient tool of investment for salaried and regular investors to invest in mutual funds.
Just as the saying says, drops of water help forming an ocean, similarly small and regular investments can help you form a great amount of wealth over a period of time.
A SIP is a method which allows the investors to buy a specific amount of mutual funds on a specified and pre decided date every month. Hence, SIP is a great way to build wealth over a period of time.a
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