SIP means investing with less risk and it is the main Benefit of Investing in SIP.
In Sip, you can save for your larger goal by investing a Fixed Amount every month / interval. After this, you can get a good amount of money from invested Amount after a long time.
Tips for SIP Investment
Investors should consult a good Advisor. Those who know about the scheme and who can provide buy and sell decisions to investors. You can choose a good Advisor on the Basis of their old experience.
Whenever you do Sip, start small which is Affordable and Easy to use. This will be very beneficial for you.
Automating the investment process is good for investors as it leaves no chance for Emotional Frailties. Through ECS a Fixed Amount can be auto debited on Monthly, Quarterly, Semi-annually and Annual Basis .
Success is done by doing any work with patience. Similarly, if you are patient in Sip, then you can earn a good income, so keep patience. In this way, you can earn a good income from Sip by paying attention to these things.
Read also Stock market investment In India
Benefits of Investing in SIP
Sip is a convenient investment and you can invest in Sip with less risk.
This is a very simple way to save.
Sip is a safe and systematic way to invest.
Small amount can also be invested in SIP.
Withdraw money with Sip is quite easy.
When you withdraw funds from Sip, you get tax exemption.
Investors can withdraw money anytime if they need money. Which makes no difference on Sip.
It also gets interest on interest, which is called Compounding. On investing in SIP, the return that is received on that invested amount is re-invested. This gives great benefit to the investors.
Fewer Schemes of Sip have Lock In Period. This means that you can withdraw all your money from the scheme before the completion of Lock In Period.
How to invest in SIP
To invest in SIP, you should have some important documents, because it contains information about your account number etc. –
Passport Size Photograph
Begin The Kyc Process