How to Invest in SIP Directly | Image Resource : freepik.com
Mutual funds offer a good investment option. You can invest in mutual funds regularly. Systematic Investment Plan (SIP) allows this. You can invest a fixed sum of money regularly in mutual funds through SIP.
You should have a goal to achieve and invest accordingly. Identifying your goals is a must. You should know how much to invest and for how long. This depends on the amount you want to collect at the end of the investment period.
You can either consult a financial advisor or invest directly. If you are investing directly without any help then you should get enough knowledge on how to invest. You should select the funds which help you reach your goals and suit your needs. Once the funds are selected you should decide on the SIP amount to be invested regularly to reach your goal.
AMCs like Kotak Mutual Funds offer registering for SIP online. They offer form online which you can fill and submit. This is how to invest in sip directly. For offline you can download the form, fill it and submit it to the AMC. You get a account confirmation statement after your first SIP. You also get confirmation statements for your subsequent installments monthly.
You can start you SIP on any date of the month. But the installments have to be done on the dates offered.
Increase in the SIP amount
You can increase your SIP amount any time. For this you have to submit
• A SIP form filled and with the new SIP amount.
• A written and signed confirmation of the discontinuance of the existing SIP.
There are other options available if you want to increase your SIP. One of the facility allows you to increase your SIP any time. You just have to give the instructions to increase the SIP amount. The process is hassle free. You only have to register for the facility. This gives you investment flexibility throughout the duration of the SIP.
Another option allows you to invest depending on the market valuation. The amount of SIP invested is more if the market is low and the regular SIP amount gets invested if the market is high. This allows you to buy more units when the market is low and this way you can make the most of Rupee Cost Averaging. It is an automated valuation based investing.
Kotak Mutual Funds offers you the facilities to increase the SIP amount anytime. The process is simple and convenient.
You should have a goal to achieve and invest accordingly. Identifying your goals is a must. You should know how much to invest and for how long. This depends on the amount you want to collect at the end of the investment period.
You can either consult a financial advisor or invest directly. If you are investing directly without any help then you should get enough knowledge on how to invest. You should select the funds which help you reach your goals and suit your needs. Once the funds are selected you should decide on the SIP amount to be invested regularly to reach your goal.
AMCs like Kotak Mutual Funds offer registering for SIP online. They offer form online which you can fill and submit. This is how to invest in sip directly. For offline you can download the form, fill it and submit it to the AMC. You get a account confirmation statement after your first SIP. You also get confirmation statements for your subsequent installments monthly.
You can start you SIP on any date of the month. But the installments have to be done on the dates offered.
Increase in the SIP amount
You can increase your SIP amount any time. For this you have to submit
• A SIP form filled and with the new SIP amount.
• A written and signed confirmation of the discontinuance of the existing SIP.
There are other options available if you want to increase your SIP. One of the facility allows you to increase your SIP any time. You just have to give the instructions to increase the SIP amount. The process is hassle free. You only have to register for the facility. This gives you investment flexibility throughout the duration of the SIP.
Another option allows you to invest depending on the market valuation. The amount of SIP invested is more if the market is low and the regular SIP amount gets invested if the market is high. This allows you to buy more units when the market is low and this way you can make the most of Rupee Cost Averaging. It is an automated valuation based investing.
Kotak Mutual Funds offers you the facilities to increase the SIP amount anytime. The process is simple and convenient.
No comments:
Post a Comment