Magic of SIP – Achieve your Goals with Systematic Investment Plan

Magic of SIP

Hi Friends, I am sure you are doing great. Mutual Funds SIP is one of very interesting ideas of Investment. SIP means Systematic Investment Plan.In Systematic Investment Plan one can choose to invest a particular amount at every month, or at every quarter or after every six months. And he can decide to make this investment for some predetermined years may be for 5 years, 10 years or 20 years as per his requirement. So people often search for the best SIP plans.

The most popular SIP Investment Plan is monthly SIP. In this the investor invests a particular amount on a particular pre-decided date of every month. Suppose the investor decides to invest INR 500 on 1st day of every month, he simply gets the number of units based on the NAV (Net Asset Value), of the SIP Mutual Fund scheme on that day. It means if on 1st August the NAV of Mutual Fund per unit is INR 5, then he gets 100 units of mutual fund. Then on 1st day of September, if the NAV per unit is INR 6, then he gets 83.3333 units (500/6). In this way, every month units are purchased for his investment of INR 500. And at the end of the tenure of the SIP he gets his money back. Suppose at the end of the tenure of the SIP total units purchased during the tenure of SIP are 5000 and NAV per unit at that time is INR 70, then he would get the INR 350,000 (5000*70). This is the basic idea of Mutual Fund SIP.

 Mutual Fund Investment itself offers diversification as investor can get invested in so many securities. In SIP one can enjoy one more benefit of diversification, because the investment is done at different levels of Stock Market. Due to this the market risk is even reduced to a large extent. Simplicity is big virtue of SIP investment. Mutual Fund SIP Investments are possible with bare minimum amount of INR 500. This enables even small investor to invest systematically. So Investor simply needs to find the best mutual funds for sip.

Interestingly every investor has some dream plans like Home, Child Education, Tax Saving, Wealth, Retirement, Holiday, Child Marriage, Business Expansion and so many. So the investments of the investors has to be best tailored to his/her most important plan or dream plan of life! Interestingly there is one good investment avenue which facilitates your investments to travel to achieve your dream plan and i.e. Sabse Important Plan by Birla Sun Life. Please refer the link for more details https://sipnow.birlasunlife.com/ 

Being Chartered Accountant,I always search for top sip plans for investments. And I found this Sabse Important Plan very useful to achieve the financial goals of the investors. 

Friends, Thanks for reading this article and if you like it, please share it!

24 thoughts on “Magic of SIP – Achieve your Goals with Systematic Investment Plan

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