![]() ![]() Over time as your investment generates returns, the returns get added to the principal amount and this in turn generates more returns. Experience the 8th wonder - the power of compounding: With SIP route, one can stay invested for a longer period of time.You can use SIP to save for your emergency fund, to build a buffer for medical expenses and so on. It brings discipline by automating savings. While you cannot avoid emergency expenses, ensure that other planned expenses are met from funds left after your savings. At times, you may get derailed by unexpected expenses. Save regularly: The only way to achieve your financial goals is to save regularly.This in turn leads to a lower average cost per unit over time which is also called as rupee cost averaging. In doing so, you end up getting more units when the markets are down and fewer units when the markets are on the swing. Just stay invested irrespective of the market conditions. Stay worry-free: The biggest benefit of SIP is that you don’t need to worry about timing the markets.You decide when, where, how much: SIP allows one to choose the frequency (monthly / quarterly / yearly) the debit date, investment amount, tenor, and one or many schemes to invest. ![]() One doesn’t need to spend time on a regular basis to put the money to work.
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