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What is a SIP

A Systematic Investment Plan or SIP is a simple and hassle-free way of investing money in mutual funds. Under SIP, an investor picks a mutual fund scheme and decides to invest a certain amount at fixed intervals, say once a month or once a quarter, instead of making a lump-sum investment. SIPs allow you to opt for an automatic deduction process in which a fixed amount is deducted from your savings account on a daily, weekly, monthly, quarterly or semi-annually basis. The method is largely similar to your investment in a recurring deposit (RD) with a bank where you deposit a fixed sum of money into your RD account. However, in SIPs, the money is deployed in a mutual fund scheme and not with bank. Remember the good old childhood days, when we used to 'deposit' money in our piggy banks and after a certain period, every penny we saved became a large and respectable amount? SIPs too work on a similar principle, enabling you to build wealth over long-term. However, the SIPs don’t just keep the money aside and save it for you, but also invest that money into profitable businesses to give you a share of the earnings.

That said, SIPs, available on Finserv MARKETS, are aimed at helping you inculcate the habit of saving and building wealth for the future. They have brought mutual funds within the reach of an average person as the installment amount could be as little as Rs. 500. Infusing regular saving habits and a disciplined approach towards investing, SIPs are considered to be one of the best modes of investment. Also, SIPs are flexible. Investors can also choose to increase or decrease the amount of investment as and when they want to. The earlier you start investing, the more you can save for your future.

 

How does SIP work

 

Systematic Investment Plans, available on Finserv MARKETS, are the best way to enter the world of investments for the long term. They help in integrating financial discipline into your investment habits. SIPs too work on the simple principle of investing regularly which enables you to build wealth over the long-term. The whole process of SIPs is goal-oriented and disciplined. It keeps you on the right track so that you can achieve your goals in the expected time.

For example, if you're starting a SIP of Rs. 1,500 in a mutual fund on January 01, then on the 1st of every month Rs. 1,500 will get auto-debited from your savings account and invested in the fund, which is handled by market experts. For every installment you will receive units of the scheme you have chosen to invest in, as per the scheme’s Net Asset Value (NAV) for the day. Since every time the scheme units are bought at different rates, it allows you to take advantage of Rupee-Cost Averaging and Power of Compounding. If in a particular month market goes down then you end up getting more units for your Rs.1,500, and in the subsequent month if the market moves up, then your Rs.1500 value will also go up. On Finserv MARKETS, the SIPs are well planned out, helping you achieve your long-term financial goals.

 

Benefits of SIP

 

Disciplined Investment: A disciplined investment approach helps you in achieving your long term financial needs as it forms the cornerstone of your long-term savings habit. As SIPs, available on Finserv MARKETS, allow you to invest a fixed amount systematically, it helps you develop a discipline of regular investing and create more wealth over the long term.

Easy On Your Wallet: You need not be on a high-income package to start a systematic investment plan. You can begin with even Rs. 500 per month. The small amount eliminates the burden of managing your monthly expenses, as very little is deducted, while investing for capital growth. If you invest in SIPs over the long term, you can accumulate significant funds. SIP of Rs. 1,000 for 20 years can provide a corpus of over Rs. 25 lakh. Investing small amount every month keeps you safe while lump sum investments may expose you to greater capital risk.

Flexibility: SIPs provide greater flexibility to investors as it's upon you to choose the amount and duration of your systematic investment plan. Also, SIPs, available on Finserv MARKETS, do not have any lock-in period, which means you can cancel or redeem the investment whenever you want. Furthermore, you may increase or decrease the installment amount according to your financial needs. You can also withdraw the entire amount from your SIP account without incurring a penalty.

Convenience: Investing in SIPs is extremely convenient and hassle-free. You can start it online or offline through any banking and financial service provider. The amount is automatically deducted from the investor’s bank account on a specific date every month. Also, there are no penalties for missing SIP payments. Another advantage of SIPs, available on Finserv MARKETS, is that you don’t need to understand the know-how of the market. Your investment is handled by market experts who ensure that your invested money earns higher returns.

Rupee Cost Averaging: SIPs help you lower your average cost of investment and hence maximise returns, without requiring you to worry about market fluctuations. Rupee cost averaging means that as you invest in a particular fund periodically, say monthly, you accumulate units at various prices. It ensures you buy more shares of an investment when prices are low and less when they are high. Over time, as your SIP grows, you invest across all market phases. So, on the whole, the average cost of your investment will be reasonable.

Power of Compounding: SIPs, available on Finserv MARKETS, are a powerful investment tool to tackle market volatility and benefit from the astounding power of compounding, a known recipe in wealth creation. Also called the eighth wonder of the world, the power of compounding is a process in which you earn returns not only on base investment but also on the returns generated by that investment. The effect of compounding increases when you invest for a longer period, ensuring that your wealth grows at an accelerated pace.

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