There are various investment opportunities and strategies today to help an individual achieve his or her goal of attaining financial security in future. Alan Gotthardt has said aptly “Investing money is the process of committing resources in a strategic way to accomplish specific objective”. The ultimate objective to accomplish one’s financial commitments is utilizing the finance in some good regular investments, especially in mutual fund schemes like SIP.
What do you mean by SIP?
Systematic Investments Plans are called SIP. Mutual fund companies make use of this special tool to promote continuous and systematic investments without affecting the monthly budget of a person. If you are thinking of generating maximum benefits in the long run, then it is always a most feasible and reliable choice to invest in the best SIP Plans, which guarantee flexibility as compared to other investments. The SIP has a more flexible nature than other fixed deposit plans, which are rigid in nature and you as an investor are bound to take your deposits back only after the maturity period.
Ways to generate a SIP
It is a very simple and convenient process in which firstly you have to make a decision about the amount of investment. You can initiate SIP even with a small amount of money like Rs. 500 per month and depending on your budget and goals you can even go for higher amounts. Secondly, select the frequency of your investments and after that, set a date for the achievement of your goals. Finally, you need to select the mutual funds for which you want to execute the SIP plans using your prudence. For starting a SIP, you are required to have knowledge about the different categories of mutual funds which flood the market today.
SIP Plan
Get to know some top mutual funds from Kotak
When it comes to investing in mutual funds, there are innumerable of them making it difficult to choose. Taking into account the schemes, especially the equity, debt, as well as hybrid schemes that help meet your financial goals you can make your choices. Nevertheless, you can find some exciting mutual fund plans offered by Kotak and they are:
1. Kotak Standard Multicap Fund
2. Kotak Emerging Equity
3. Kotak Infrastructure and Economic Reform Fund
4. Kotak Tax Saver
Some benefits you can gain through various SIP plans
You have many dreams in your life and you work with a lot of energy and perseverance to attain them. Is it enough to attain your goals? Any successful person believes that it is not if you do not do it on time and investments are not planned and organized. Investment in SIP plans provides maximum assurance and satisfaction to your financial needs. In order to yield maximum benefit through the SIP, you have to undergo the task of listing down of all your goals like buying a home, expenditure in your child’s education and securing your retirement. These goals are to be segregated into short-term, medium-term and long-term goals. For example, if you are planning to buy a car or a piece of jewellery in the next one year, it comes in the category of short-term goal, while providing education to your children in the next 3-5 years is a medium-term goal and buying a luxurious flat in the next 10-20 years is long-term goal.
What is the right time for investing?
Investment is a very broad term which involves innumerable investments; nevertheless, your investment should be revolving around such schemes that are much more profit-oriented and reliable. Delay in doing investments decreases the chances of getting the optimum benefits, which you can get through the various SIP plans at the right time. Using one’s farsightedness and awareness about the current trends of mutual funds plans in the market is very fruitful. There are great chances of lessening your financial responsibilities by utilizing the benefits obtained through these plans, investing systematically and calculating your returns using a SIP calculator. Therefore, it is always better to be first in the race to decide about the SIP Plans and maximize your chances of good returns.
Strengthening your future with the help of Systematic Investment Plans
These Systematic Investment Plans are much more disciplined and orderly in terms of their operation and at the time of providing returns to the investor. Small saving done with the help of SIP multiplies fast and yields a substantial amount to the investor. The SIP plans have a flexible nature and they are available for all types of mutual funds. You can start with more than one SIP and while applying for the redemption, you have to pay a minimum amount of exit load. The amount invested in mutual funds using the SIP plans is given to you.
Planning for your child’s future
We as parents are always focused on the well-being of our children and we do our best for their educational progress and here comes the proper planning issue. These SIP Plans also help using a SIP calculator, which calculates returns you get by putting money in mutual funds for your child’s education to secure his or her future. This SIP calculator guides you by letting you know how much amount you need to spend now in the SIP plans for the bright future of your child. Planning cautiously for the child during various stages provides a stable and secure future for your child.
These systematic investment plans are like a piggy bank in which a little amount of saving leads to the generation of maximum results and sense of security and satisfaction for the investors, as it is well known that ‘Rome was not built in a day’. So what are you waiting for? You can visit the nearest branch of your bank and also search online for the details regarding the systematic investment plans.
You can invest in mutual funds that generate optimum results with the help of SIP, which provide financial security and a sense of accomplishment. While starting any kind of investment, it is always advisable to go through the documents properly and be aware of different rules and regulations concerning the related investment.
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