How to start an SIP with just Rs. 100?

Think about investments, and what comes to mind? Perhaps substantial sums of money, complex processes, and high risks. Systematic Investment Plans (SIPs) break those stereotypes. It is a simple and effective way to invest your money in mutual funds regularly and grow your wealth without burning a hole in your pocket. All you need is Rs. 100 and a little bit of discipline. The process is effortless, uncomplicated, and can be completed online with just a few clicks.

For those struggling to commit hefty amounts every month due to bills, loans, everyday expenses, and other financial obligations, SIP starting from just 100 rs is a useful alternative. This way, they can reap the benefit of investing while staying within your budget.

How to start an SIP investment with Rs. 100?

To initiate an SIP investment with just Rs. 100, follow these steps:

Research and select: Examine the SIP mutual …

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Why cancelling SIP within a short term is a bad idea

As defined by Investopedia, “A systematic investment plan (SIP) is a plan where investors make regular, equal payments into a mutual fund, trading account, or retirement account.” Simply put, it is a strategy of investment where investors regularly invest the same amount of money in a specific mutual fund, trading account, or retirement account over a specified duration of time.

The primary reason why investors seek SIPs is to participate in the stock markets without playing an active role in them. In that manner, SIPs go a long way in simplifying the entire process for investors and enabling them to benefit from a passive position. SIPs also tend to provide a strategy of investment that plays to be beneficial in more situations than not.

SIP calculator

To do that, SIPs have to be carried out across a long-term timeframe. The reason SIPs work in most situations is because investors play it smart …

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