Watch the Swatantra TV Series to learn about various investment options in mutual funds that can help teachers have a financially secured future. Witness an engaging session with Mr. Lalit Nambiar, Fund Manager and Head Research, UTI AMC & Mr. Satish Pandey, MD & Head, Private Wealth Management,....
Watch the Swatantra TV Series to learn about various investment options in mutual funds that can help teachers have a financially secured future. Witness an engaging session with Mr. Lalit Nambiar, Fund Manager and Head Research, UTI AMC & Mr. Satish Pandey, MD & Head, Private Wealth Management,.... Show all Video
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SIP: The fastest growing investment concept among indian investors
Published On , 18 Jul 2016 By ET Wealth
Systematic investment plan (SIP), a concept of investing at regular intervals, either on a monthly or quarterly basis, was introduced in the Indian mutual fund industry a little over a decade ago. Since then it has gained so much popularity that some people (mistakenly) believe SIPs itself to be an asset class.
SIP Could Be Used For:
Long Term Goals
Short Term Goals
Medium Term Goals
Investing in equity mutual funds
Investing in debt mutual funds
Investing in gold fund of funds
HOW TO START AN SIP?
For starting an SIP in a mutual fund scheme, one should be a registered investor in a mutual fund scheme and compliant with Know Your Customer (KYC) rules.
The next few steps are:
Fill up the SIP form for the fund in which one intends to invest in on a regular basis.
Agree to auto-debit facility from the bank account linked to the MF scheme in which the investor is investing.
Give an Electronic Clearing Service (ECS) mandate to the same bank.
Alternately fund houses also accept post-dated cheques for SIP, but ECS with auto-debit facility is always preferred.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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