Feb. 15, 2021, 11:29 a.m.
Major Attractions of SIP :
(1)One Can Start Investing in this Instrument with a small amount of Rs. 100.
(2)Higher Returns than Banks RD's, FD's over a period of time.
(3)Rupee Cost Averaging : Means when the market is at it's low you are able to buy more units which reduces your overall cost of Investments.
(4)Helps Creates a large amount of corpus over long period of time.
(5)No lock in period means in case an investor need money they can withdraw any time.
(6)An Investor can Pause a SIP if they don't have sufficient fund.
Major Attractions of SIP :
(1)One Can Start Investing in this Instrument with a small amount of Rs. 100.
(2)Higher Returns than Banks RD's, FD's over a period of time.
(3)Rupee Cost Averaging : Means when the market is at it's low you are able to buy more units which reduces your overall cost of Investments.
(4)Helps Creates a large amount of corpus over long period of time.
(5)No lock in period means in case an investor need money they can withdraw any time.
(6)An Investor can Pause a SIP if they don't have sufficient fund.