Friends, do you know what is SIP, what is SIP and how it works, you must have heard about Mutual Fund from many people or through advertisement. This is the best way to save money.
Budgeting is a very good thing and every person keeps investing to fulfill his requirement. Investing in mutual funds through SIPs has grown exponentially in the last few years. Through this, even your small savings can turn into a big capital provided you have to invest for a long time.
Nowadays mutual funds have become the first choice of investors. This is the reason why SIP is being searched the most on the search engine Google and other forums.
What is SIP
SIP is called Systematic Investment Plan, you just have to put a certain amount every month in the Mutual Fund scheme, in this you can choose the Mutual Fund of your choice, it is usually started in Equity Mutual Fund.
What is a Systematic Investment Plan
In other words – SIP is an investment plan where the investor makes equal payments in mutual funds at regular intervals. The scheme works on the principle of money-cost average.
SIP is a great way to invest with low loss. In which you can save for a big goal by investing a fixed amount every month, then with that small investment amount, you can get a big amount in the long run.
Why SIP is necessary
You must have heard many times that drop by drop fills the pitcher, it is 100% true that the same thing applies in the case of investment. It is not at all necessary that we always have to make big investments to earn big amount. You can invest according to your ability.
Discipline is of great importance in every investment. SIP of Mutual Fund maintains this discipline; SIP continues its investment regularly whether there is a boom or a recession in the stock market.
If you put a fixed amount every month in mutual funds, then SIP helps you, it saves you from the bullish or bearish troubles of the stock market and your small investment becomes a big fund in the long run that too without any risk. K, this is the work of SIP.
Mutual fund money is invested in the stock market through SIP, it is necessary for those people who do not have much knowledge in the stock market or are ignorant of the way the market works. Is.
how much money is needed to start sip
SIP has been made according to the people of every income, you can start this from 500 to one lakh rupees a month, just you have to pay a certain amount on a certain date.
Required paper for taking SIP
To take SIP, you have to give a signed check of your bank account and secondly you have to provide your ID card and a school certificate.
Benefits of SIP
Small Investment – The best thing in this is that you can invest according to your routine and expenses and you can get a big amount by investing small amount continuously for a long time.
Ease of Investing – Investing in SIP is very easy, for this just once the plan is selected, the mutual fund withdraws the amount from your account and deposits it in your chosen plan on the specified date.
Your bank account is linked with your SIP scheme account. As your plan is to keep deducting money from your bank account every month.
Reduction in Risk – The biggest and main advantage of SIP is that the risk is very less, all the money is not spent in one place, but that money is invested in some places, so that it protects us from the losses of the stock market.
Tax exemption – When you invest in SIP, you do not get any tax on the amount invested or withdrawn.
Systematic Investment – By investing in SIP, the investment amount is regularly withdrawn from your account, this creates discipline and order in your investment process which inculcates the habit of saving.
Withdrawal facility – You can decide to continue or stop investing in SIP as per your requirement. With this, the investor not only gets good returns but also gets advanced liquidity as per his convenience.
Friends, you must have learned from yourself that SIP Ka Matlab Kya Hota Hai and how it is beneficial for everyone.
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