Coins

Systematic investment plan icici bank

Thank you so much for getting me invested in India. You services has truly been really helpful. For long time I systematic investment plan icici bank to invest into SIPs, and finally you helped me to make my investments easily.

A Systematic Investment Plan is perhaps one of the simplest means of investing money in the Share Market. As the name suggests, Systematic Investment Plan, better known as SIP, is a method of investing your money systematically. Moreover, SIP is perhaps also one of the safest means of investing, as SIP investors get better returns compared to a one-time investor. Allows investor to buy units on a particular date, say 15th, of every month. Investor decides the amount and also mutual fund scheme.

SIP ensures rupee cost averaging as periodic low capital investment certifies that the investor gets the best out of the market. If you wish to invest more than the upper limit, say Rs. All you need to do is plan your savings and set aside a particular amount every month to be invested in a mutual fund that is either a diversified equity fund or balanced fund. We are quite sure you would have realised the benefits of SIP but we would do a quick recap of all the benefits for you. Money will work only if invested at an early age and this implies the power of compounding. If you start saving, rather investing, your money at an early age, the greater will be the power of compounding with a momentous impact on your wealth accumulation.

Everyone cannot gauge or time the market. Rupee cost averaging is an automatic market timing apparatus eliminating the need to time the market. A SIP investor doesn’t have to worry about where the market heads. Though SIP doesn’t guarantee profits, it minimises the loss that one would otherwise face in a fluctuating market. SIP is also perhaps the most convenient mode of investing.

The cheques will be banked on a particular date and the units credited into the investor’s account. The SIP facility is available in the Principal Income Fund, Monthly Income Plan, Child Benefit Fund, Balanced Fund, Index Fund, Growth Fund, Equity fund and Tax Savings Fund. Now that we have told you about SIP, what exactly it is, its features and benefits, we will now proceed to tell you how to invest in SIP. SIP guarantees returns, but how you invest makes a difference. Hence the section on how to invest is described below.