Why Choose Systematic Investment Plan?
you are short on cash to make a lump sum investment or if you want to reduce
your risks you can choose an SIP. Also, an SIP would bring in discipline, which helps you to
logical decisions instead of succumbing to greedy impulses.
When is the best time to invest in SIP?
There is nothing like a good timing when it comes to investments.It’s more
what you need from that investment. In an SIP, you can automate your transfers, and be
about the date in a particular month.
Should I Choose SIP for Long term wealth?
Any investment period can be chosen by a customer. But, it has been proven
a long term investment has been rewarded with greater returns as compared to short term
How much should I invest in a mutual fund
In an SIP investment you can start with as low as Rs.500 as your investment
you can go up to whatever limit you want to.
Can I miss an SIP payment?
you can miss your payment and still your account wouldn’t be deactivated.
There are options to pause your payments in various mutual funds.
Are all investments through SIP have tax
investments in ELSS through SIP have tax exemption up to Rs. 1.5 lakh PA
under Section 80C.
Is SIP safe?
SIP is just a mode of investment. The safe/risky component is related to the
investment which you choose.
How do I start my SIP investment?
choose the investment in which you want to invest and you are ready to
start. One primary thing is that you have to fill your KYC documents before investing.
How to shorten SIP duration?
can send a written application or ask for an request online to the fund
management company before the next SIP is scheduled. However, you should have completed the
investment period, which is generally 6 months.
How can I extend my SIP duration?
the end of the SIP term, you will get an option for renewal of your
investment. You can fill out that form and then choose the desired duration of