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Mutual Fund SIP Investing - Systematic investment Plan

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SIP - Systematic investment Plan

  • SIP means Systematic investment Plan.
  • It is one of the ways to invest in Mutual Funds.
  • Through SIP you can invest in Mutual Funds in small installments on a monthly basis.
  • The investment is done directly by debiting your bank account on a specified date and Providing you a credit for the units purchased from the amount.
  • You can start your SIP by filling up a simple SIP form and providing bank auto debit Mandate.

Things you should know about SIP Investing in Mutual Funds

  • Your SIP does not stop if you miss an installment.
  • The AMC does not charge you any money for missing an installment.
  • Your bank however, may charge you as per banks policies.
  • All SIPs are done in Open ended funds.
  • There is no lock in for your SIPs (except tax saving funds).
  • You can withdraw any amount at any point of time without stopping your SIP.

Do's and Don'ts for your Mutual Fund SIP Investing

 

Do's :

  • Ensure Sufficient balance in your account on every date of Auto debit.
  • Link your SIP with your financial goals and do it for long term.

Don'ts :

  • Don't panic with market fall. Continue your SIP in the bad times.
  • In case of a market rise, don't hurry to book your profit.
  • Keep your investment tenure in mind.

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Best Performing Mutual Funds

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