"You can turn your aspirations into reality - from owning a home, a car, securing your child's future, to building your dream business - all may be achievable through the power of SIP!"
SIP se hoga!
Systematic Investment Plan (SIP), referred to simply as SIP, is a feature offered by mutual funds that encourages disciplined investing. The minimum investment can be as low as Rs. 500, and investors can select intervals ranging from fortnightly, monthly or even quarterly. Opting for SIP as an investment strategy allows individuals to invest in a structured manner and need not to worry about timing of the market since they are making fixed periodic investments.
Investing through SIPs can have multiple advantages.
SIP is not just an investment strategy; it's a commitment to your financial well-being. The automatic debit feature removes the burden of manual investments, making it easier than ever to stay consistent and stay focused on your larger financial goals.
Investments in mutual funds are managed by expert fund managers who are supported by a team of qualified research analysts. Opting for a systematic investment plan in a mutual fund allows you to harness the benefits of professional management expertise.
Rather than attempting to predict market movements and identify optimal buying and selling moments, an SIP strategy enables you to navigate all market conditions effectively. During market downturns, you acquire more units of the fund at lower prices, while during upswings, you purchase fewer units at higher prices. As a result, over a period of time, the average cost of your SIP investments reduces.
Unlock the potential of your investments with a simple yet powerful math concept. When you initiate an SIP investment, you begin earning returns on your invested capital. However, by staying committed to your investment, the magic of compounding comes into play. This means that you not only earn returns on your initial investment but also on the accumulated returns over time.
Starting an SIP investment is very simple. Steps to follow:
Complete your Know Your Customer (KYC) formalities: You can do this either through the fund house that offers the eKYC (i.e., electronic KYC) facility or you can do it through the online portals of registrar and transfer agents like CAMS and Karvy. The documents that you would require to complete your KYC include PAN card, proof of address, passport size photograph, and a cheque book to provide your bank details.
Once the in-person verification is done, the KYC process has been completed.
Next, you can visit the mutual fund website, personal finance platforms, or an advisor to choose the mutual fund scheme in which you want to start the SIP investments. Once you know the scheme, all you need to choose is:
Systematic Investment Plan (SIP), is the ideal way of investing in mutual funds in a regular and systematic manner.
How to invest in SIP online and how can I start SIP online are common questions that investors have today.The answer to how to invest in SIP online was never this simple!
How great would it be if our money worked as hard to grow as we did to earn it! Well, this can be accomplished by the magical concept of compounding.
An investor education initiative by Edelweiss Mutual Fund. All Mutual Fund Investors have to go through a onetime KYC process.
Investor should deal only with Registered Mutual Fund (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints - please visit on https://www.edelweissmf.com/kyc-norms
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