SIP Plan : About 99.9% of the people in the country would like to keep aside some money from their income every month. However, many people feel that nothing special can be achieved with small savings. You all can think once that if ₹3000 is saved every month and invested in the right place, then how big a sum can it become in the future?
The answer is absolutely yes. Dreams can be turned into reality through Mutual Fund SIP and there are many people who have already turned their big dreams into reality.
What is SIP and how is the money prepared?
First of all, let us tell you all that the full form of SIP is Systematic Investment Plan. SIP is a scheme under which a little money can be invested in mutual funds every month. The biggest feature of this scheme is that over time you will also get interest on your money
Along with this, interest is also provided on this interest. Which we can also do the magic of compounding. Due to this important reason, most people are considering SIP as the most effective investment method in the present time.
Friends, if you all do a systematic investment plan of ₹3000 every month and do this continuously for 20 years, then the total investment amount will be ₹7,20,000. You will be given an interest rate of about 12% per annum on the amount invested, so in 20 years this amount will be more than ₹45 lakh.
This means that by investing ₹3000 every month, you can create a large fund and can easily prepare for children’s education, home, retirement or your daughter’s marriage
Keep these things in mind before starting a SIP
If you also want to start SIP, you can do it easily. For this, it is necessary for all of you to have passbook, PAN card and Aadhar card. After this, you will be able to start SIP by logging on to the website of the mutual fund company or through mobile application.
There is no long process for this nor is there any need for an agent. This can be started with just ₹500 and the amount can be increased as per your wish, there is no restriction in this.
