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Note: Returns are neither assured nor guaranteed. There is no warranty about the accuracy of the calculator. Please consult your financial advisors before taking any investment related decisions. This is only for Illustration purpose. Past performance may or may not be sustained in future and is not a guarantee of any future returns.
Aim to get tickets to the latest concerts, explore the depths of the ocean, or aim to become the proud owner of a supercar - aim to start achieving all your dreams by investing with an SIP.
Here are a few things you should know:
An SIP or Systematic Investment Plan is a medium of investing a fixed amount at regular intervals in Mutual Funds, to meet different investment goals from travel, to shopping, to buying your first vehicle.
With the flexibility of investment – monthly, quarterly, half-yearly, etc. the investor need not invest a lump-sum amount all at once, and hence reduces the burden of a large investment, while helping cultivate the habit of small, consistent savings for the long-term.
Today, you can start with as little as Rs. 100* and invest as per your convenience or set up standing instructions with the bank to debit the amount from your account, regularly.
*Subject to minimum amount prescribed in Scheme Information Document of respective scheme.
SIPs are gaining popularity as one of the favourable investment modes that may help people meet their financial goals. Here are the benefits you can enjoy with SIP:
- Power of Compounding:
SIP works on the principle of
compounding, which means, when you invest a small amount of money over a
period of time, you may be able to grow your wealth by earning interest
on
interest, allowing you to meet your financial goals.
- Ease of investing:
Getting started with an SIP is so simple!
With just Rs. 100*, you can grow your small investment into wealth over
a
period of time. Track, modify, stop or give standing instructions to the
bank – no wonder more and more investors are getting on board Systematic
Investment Plans!
-Rupee Cost Averaging:
This concept works on the idea where you buy more units when the market
is
low and buy less when the market is high. Because of this feature of
SIP,
even though the market returns may fluctuate, your investment may still
potentially remain protected.
- Financial Discipline:
The nature of SIPs involve regular, usually monthly investments into
Mutual
Funds of your choice. While on one hand, you may earn potential
market-linked returns, on the other hand, you are also building a habit
of
saving money regularly, towards achieving your goals.
*Subject to minimum amount prescribed in Scheme Information Document of respective scheme.
With SIP, the glow up is real!
SIPs or Systematic Investment Plans are often considered as one of the
easier ways to start investing and may help you achieve your goals.
While you can get started with just Rs. 100*, there are so many fund
options to choose from, depending on your needs – from travel, to
retirement, wedding to creating a wealth overtime.
You also have to love how convenient and easy it is to get started with an SIP - simply choose your fund, select your investment frequency and tenure, put in the amount of investment and done – your investment will be scheduled! Start small, stay consistent and enjoy the potential of higher returns in the long-term with SIP!
*Subject to minimum amount prescribed in Scheme Information Document of respective scheme.
Investing in SIP is so simple - after this, we’re sure you’re going to slay!
1. Set Your Goal
It is advisable to begin your investments
with a goal. What is the purpose of your investment?
Do you wish to
set up a travel fund? Are you planning for your big wedding day? Or do
you want to create a corpus of wealth for an early retirement?
Defining a goal keeps you on track, and ensures you may be able to stay consistent with building your wealth.
2. Select the right funds
Once you’ve selected your goal, the next step is to choose the funds
that may help you meet your goals within a specific time period.
Large-cap, Mid-cap, Small-cap, Liquid, Gold – the list is endless, and
the key to making your investments work for you, is to diversify!
Our experts will be happy to recommend funds that may give you maximum
returns in the long-run.
3. Complete your KYC
And finally, is the KYC registration. If
you invest via Nippon India Mutual Fund App, you can create your login,
share your Aadhaar details and get started right away.
The online
process for KYC registration can be done from anywhere, and usually
involves verification of your Aadhaar number with your PAN number.
So easy, right? You can speak to our expert or CLICK HERE to start an SIP.
The honest answer to this question is, now!
Starting an SIP is quick and simple, and you can get started in minutes. It has many advantages – from benefiting from the power of compounding, to the ease of investing, to cultivating a disciplined investment habit. Also, when you start investing early, you can potentially build a corpus over time and plan for all your financial goals.
Nippon India Mutual Fund is your go-to financial destination for all things Mutual Funds.
While our experts provide well-researched recommendations based on how much risk you can take, in other words, your risk profile, we also provide new-age tools to help you get started on the go.
From our website to our investing app – Nippon India Mutual Funds makes investing easy, fun, and super simple. So, what are your financial goals? Is it to travel? Got a big wedding date coming up? Planning to buy a house? Or looking forward to an early retirement?
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.