Let’s look at what is SIP and 7 reasons why you should start SIP online today. SIP – Systematic Investment Plan is a way of investing your hard earned money regularly like monthly or quarterly in mutual funds.
1. Start SIP with small amounts like Rs 500 / 1000
If you don’t have enough money to make a substantial investment you can start investing with an amount as low as Rs 1000. SIP inculcates a habit of saving first and spending later.
2. SIP is super flexible
Stop, skip or cancel SIP online anytime you want and this does not attract any penalty. You can choose the amount you want to invest regularly and the frequency of SIP’s helps you save regularly.
3. Start SIP to Invest regularly
SIP helps you to invest regularly, irrespective of how the markets are performing. Your SIP ensures you’re investing for your goal in a disciplined manner.
4. No more timing the market
No need to time the market, but time in the market, which is more important. It takes away emotions like greed, anxiety and fear from investing. Starting a SIP online is a stress free way of investing.
5. Rupee cost averaging
This probably is the single biggest benefit of SIP – buy more units when the market is down and fewer units when the market is high. This makes anytime a good time to invest as it minimizes your exposure to market fluctuations.
6. SIP helps you reach your goal systematically
Invest small amounts in mutual funds and with the power of compounding, use it to set and achieve your goals faster. For example, if your goal is to collect Rs. 5,00,000 in 5 years to buy a car – you need to set aside app. Rs 5,645 as your SIP to achieve your goal.
7. Power of compounding is working for you
The return you generate from your investments is automatically invested again and again. Therefore compounding works for you and gives you exponential growth. With math on your side, you get richer faster.
I hope now you believe that SIP Sahi hai. Please download EzeeHouse App to start SIP online now. Happy investing.
3 comments
Thank you for the valuable information. Investing and starting SIP is beneficial for every beginner and every investor as it helps a person to plan his expenses and budget properly. It is also a start to your wealth generation journey.
Thank you Jignesh for your feedback.
“There are few easy steps to follow to start your online SIP -”Systematic Investment Plan”.
• Every person needs to know their KYC (Know your customer)
• Decide your financial goals (Long term or short term)
• Need to choose the monthly investment amount
• Plan the date of an investment
• Submit your form
Visit Kotak Mutual funds website now to start SIP online.”