3/2/2024 0 Comments Sip planner![]() You can also decide the amount of SIP based on your financial goal.įree Insurance - There are some schemes / AMCs who offer insurance cover upto as high as 100 times of your SIP amount without charging anything extra for this. You can actually set a target amount based on your goal and achieve the same over a period of time by investing a small amount every month. ![]() Helps achieve your goals - SIPs help you achieve your future financial goals, like - Retirement, Children higher education, Marriage of your children and so on. Further diversification of the risk can be done by investing on various dates in a month Low investment amount - You can start a SIP in India with as low as Rs.100 per monthĭiversification - Starting a SIP in an equity mutual fund allows you to take advantage of investing in equities and diversify your risk across companies, sectors and markets etc. All you have to do is sign an auto debt / ECS form and the amount will be deducted from your bank account on the date chosen for SIP Wide choice - you get a wide choice of Mutual Fund schemes and also asset management companiesĬonvenient - You need not go to the AMC office or deposit a cheque every month. Inculcates Savings Habit - It inculcates a habit of investing as you commit a fixed amount and invest it systematically every month or quarter.įlexibility - Starting a SIP or closing the same is very easy and there is no penalty for foreclosure. The minimum amount to be invested can be as small as 100 and the frequency of investment is usually monthly or quarterly. The only difference is that in case of Mutual Funds it is invested in the market. It works just like recurring deposits with the bank or post office where you put in a small amount every month. They can make an informed decision because the application provides them with the necessary information regarding the stocks, such as the price, the profit, the return, the dividends, and the volume.What is SIP (Systematic Investment Plan)?Ī SIP is a vehicle offered by Mutual Funds which help investors invest regularly through a step by step approach to investing. The application has been designed in such a way that it will be very easy for users to make an informed decision. The app is also capable of providing them with the necessary information regarding the mutual funds, such as the investment, the return, the profit, and the volume. Users can also use the application to calculate the amount of money that they will need to invest in order to achieve their financial goals. It is one of the best applications for the purpose of saving money. The application also provides users with the option of investing in mutual funds. Users can make an informed decision because the application provides them with the necessary information regarding the stocks, such as the price, the profit, the return, the dividends, and the volume. It is a simple and user-friendly application that allows users to make an informed decision regarding the purchase of stocks. The SIP Planner & SIP Calculator is a unique app that has been designed and developed for different types of users. ![]() Softonic review A free app for Android, by Agarwal Ankit.
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