What is SIP?
SIP or Systematic Investment Planning is considered an ideal way for investing in mutual funds. With SIP, you can invest the amount you want to invest monthly with an auto-debit facility. SIP investment works well in a falling market.
Systematic Investment Planning or SIP is a disciplined approach to the investment that doesn't time the market:
Low initial investment
Convenient mode of investment
Power of compounding
Rupee cost averaging
Fincart offers customised investment plans with the SIP calculator that regulates each deposit over a period of time.
We reduce the risk of any downfall through constant supervision by our financial advisors and technology support.
One can start investing early and keep on investing and leverage the power of compounding on a regular basis to achieve long term goals.
With Rupee cost averaging, it is quite lighter on the wallet and reaps profit at an early stage.
What is customised SIP plan?
- One can start the SIP based on their goals or can simply quickly start a SIP to kick start the process of saving & investment.
- The solution carries merely the best-suited Mutual Fund schemes based on the above process.
SIP planning process
- Step 1: Create your account and complete the KYC process with bank details.
- Step 2: Register your mandate
- Step 3: Trigger your SIPs
- Step 4: After deduction check investment & goal progress on a real-time basis.
SIP or Systematic Investment Planning is considered as an ideal way for investing in mutual funds. With SIP, an investor can invest the amount they want to invest monthly with an auto-debit facility. For a person investing in equity funds and looking for a long-term investment, SIP is highly recommended. Not only this, SIP investment works well in a falling market. This is because the investor can accumulate a large number of mutual fund units when the price is low. Lump Sum investment itself means having a huge amount of corpus. This type of investment suits investors who want to invest for the short-term in debt mutual funds.
There are ample benefits you can get investing in mutual funds via SIP:
- Power of compounding
- It's convenient
- Rupee Cost Averaging
- Returns 2x higher than RD & FD
- Serves as an Emergency Fund
- Invest with discipline
Yes, you can stop your SIP if you wish to. Unlike other investment avenues like FD or RD, you can stop SIP anytime you want. You can either choose to redeem your money or stay invested in the fund.
SIP is merely a way to invest in a mutual fund. Every month you invest in a mutual fund via SIP.
There is a possibility that your bank will charge you a Direct Debit Failed Fee. To find out the exact amount, contact your bank.
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