SIP or Systematic Investment Plan allows you to invest a pre-determined amount regularly (weekly, monthly or quarterly) for a fixed period of time. It’s an easy and hassle-free mode of investing money in mutual funds. It is also a smart financial planning tool that helps you attain financial discipline in life. SIPs can help you accumulate the corpus you require to achieve your long-term financial goals. The above mentioned 10% allocation may vary based on the nature of your goals.

BENEFITS OF STARTING

AN SIP

• It's a systematic way to achieve your long-term goals
• Monthly instalments can ideally start from Rs. 1000/- per month
• The advantage of Rupee Cost Averaging - buy fewer units when the price is high and more when the price is low, thereby averaging the cost per unit
• The Power of Compounding - the earlier you begin investing, higher the returns you will earn than someone started out later even with a higher corpus
• Reduced tax payout if you choose a Tax Savings Fund
• Stop any time and redeem your units, unless you have chosen a Tax Savings Fund