A Systematic Investment Plan (SIP) in mutual funds is the most effortless financial habit that you can have while still living your life to the fullest. Because with the many benefits SIP offers, you literally have nothing to worry about.
All you have to do, is choose an amount that you can invest on a regular basis and start your SIP on any day of your liking with just a few clicks. What�s more, thanks to the power of compounding you have the opportunity for long term wealth creation. It�s a win-win!
And don�t forget, stay invested for longer to make the most of it.
So no more excuses! After all, SIP toh hai na!
One of the key factors that makes SIP in mutual funds a wise investment option is the "power of compounding". It is best summed as:
Early Investments = Multiplying Returns
Below is an illustration of how the power of compounding helps in long-term wealth creation by investing an amount of ` 3,000/month via SIP
(Assuming a 10% interest rate)
Wondering how much you should start investing monthly to achieve your goal in time? Try out this tool and get your plan in place.
Select Expected Rate of Return
Assess your risk profile
Set your desired instalment / SIP amount
Invest in a suitable scheme
By investing early, it would be easy to achieve your goal.
Started investing at 30 years of age
Started investing at 35 years of age
When investing in SIPs, you do not have to worry about timing the market. Regular investing will ensure that you are invested irrespective of the market highs or lows. This will help you make the best of an opportunity that would have been difficult for you to predict in advance.
Equity market offers a great opportunity for long term wealth creation. Mutual funds give you access to an experienced fund manager�s expertise in identifying growth opportunities and taking investment decisions. Wealth creation comes with systematic investment over a long term.
This will allow your money to grow over the years and will allow you to gain from the power of compounding through market cycles.
Diversify your investments. This will help increase stability even in a volatile market and ensure that your future plans are on track.
Mutual Fund investments are subject to market risk, read all scheme related document carefully.
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