Investing in mutual funds can be a good idea for those who want to explore investment options beyond traditional plans, such as fixed deposits (FDs). Most importantly, investors who are willing to take some risk can invest in mutual funds. There are two ways to invest: SIP (systematic investment plan) and a one-time (lump sum)…
SEBI Chairman Tuhin Kanta Pandey on Friday called on the mutual fund industry to unite in expanding access to small-ticket SIPs, terming them the foundation of retail financial inclusion and long-term wealth creation. “Every SIP is a seed that can grow into a financial tree,” Pandey said at an event hosted by the Association of…
Compounding increases your returns on investment over time. Compounding means you are earning returns not just on your original investment but also on returns. In a systematic investment plan (SIP), compounding plays a very good role where you invest a fixed amount regularly. For example, if you put in Rs 10,000 annually at a rate…
Through a Systematic Investment Plan (SIP), you can invest a fixed amount regularly in mutual funds, such as daily, weekly, quarterly, or monthly. A Systematic Investment Plan (SIP) is an investment strategy by which you can invest a certain amount at regular intervals in a mutual fund or scheme of your preference. It is not…
A Systematic Investment Plan (SIP) is a simple and smart way to invest in Mutual Funds. Instead of investing a large amount at once, you can invest small amounts regularly, like daily, weekly, or monthly. It works like a recurring investment, where the amount is automatically debited from your bank account and invested in the…
SIP at 35 for Rs 7 Cr Corpus: Salaried-class individuals should start retirement planning from the first salary they get. But most delay it for a number of reasons. It may be because they have a responsibility, a financial commitment, or a financial goal that made them a delayed starter. But even if one has…