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Systematic Investment Plan (SIP)

All About SIP.

Go on live your life carefree! After all, SIP toh hai na!

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To achieve financial success in life, we put in a lot of hours at work. And it is only during these hours that we actually strive towards achieving our goal. But with a Systematic Investment Plan (SIP), your success is in progress. SIP lets you invest a fixed amount in mutual funds step- by-step, monthly or quarterly over a period of time, thereby averaging out your cost of investing and benefiting from the power of compounding. The power of compounding works best as you stay invested helping your money earn more money itself, over the years. So, as you get ready for work or even decide to take a break from it, be rest assured that SIP is constantly working towards your goals and helps you keep your success in progress.
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Goal based SIP Investing

We have many financial goals in life but do not know how to plan and invest for them. To plan your financial goals right, it is important to identify each goal in terms of a specific amount and the number of years that it will take to meet them. This is the essence of goal-based investing.

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Frequently asked questions

1. How to invest money in SIP?

  • Step 1 - Define your investment goals and then based on risk appetite choose a scheme according to your investment horizon.
  • Step 2 - Make sure that you are KYC compliant.
  • Step 3 - Choose the date and the duration of the SIP.
  • Step 4 - Choose the amount which you want to invest in the scheme on a regular basis (select the frequency based on your cashflows).
  • Step 5 - Start the SIP by submitting the form online or offline.

2. What is the benefit of SIP?

Systematic Investment Plan (SIP) allows you to invest a fixed amount at regular intervals in a scheme. There are many benefits of investing in a SIP.
  • Power of compounding - Investing in SIP allows the investor to take advantage of the power of compounding. Regular investments in a scheme leads to compounding which means you earn interest on your interest as it is added to the original amount. This is very beneficial for long term wealth creation.
  • Rupee cost averaging - When an investor invests through SIP, he gets the benefit of rupee cost averaging. It means that the investor gets more units when the Net Asset Value (NAV) of the scheme is low and less units when the NAV is high. This brings down average cost of units over the long term.
  • Flexibility - An investor has the flexibility to choose the amount, duration and the interval of the SIP. They also have the option to change the amount, pause or stop the SIP.
  • Disciplined investing - Investment via SIP inculcates the value of disciplined investing in an investor as they are committed to investing a specific amount for a fixed period of time which is essential in long term wealth creation.

3. What is a SIP? How does it work?

A Systematic Investment Plan (SIP) is an investment tool which allows the investor to invest a fixed amount at regular intervals in a Mutual Fund scheme.

SIP works by investing a fixed amount at a defined frequency. With this an investor does not need to time the market and can invest in a hassle-free manner.

4. What is the minimum amount to invest in SIP?

The minimum amount an investor can invest in SIP may differ according to the scheme they want to invest in. For more information click on this link https://www.sbimf.com/en-us/investment-solutions or contact your financial advisor.

5. How to automatically renew the SIP?

To renew the SIP an investor has to fill a fresh form and start a new SIP and choose the desired duration.

6. Can you increase the duration of SIP?

An investor can start a fresh SIP and choose the desired duration by filling in a fresh SIP enrollment form, start a new SIP online or through Investap.

7. What happens if I miss an SIP instalment?

Missing a SIP instalment does not lead to any penalty however missing 3 consecutive instalments leads to cancelling of the SIP.

FAQs
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Lorem Ipsum is simply dummy text of the printing and typesetting industry? The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Lorem Ipsum is simply dummy text of the printing and typesetting industry? The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Lorem Ipsum is simply dummy text of the printing and typesetting industry? The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
Lorem Ipsum is simply dummy text of the printing and typesetting industry? The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
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