Need some info about SIP PLANS

Need some info about SIP PLANS

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Deal Lieutenant
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I need some info about SIP plans any experienced dimer please comment below I will pm you

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7 Dimers
A2z1
Deal Major
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Are you talking about Mutual fund SIP?

PM me.

Missing
Deal Cadet
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is there any portal where i can apply for all mutual funds Direct plan , start SIP and do other transactions ?
@caks2006407
@A2Zdeals

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Deal Lieutenant
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@gotrajk wrote:

is there any portal where i can apply for all mutual funds Direct plan , start SIP and do other transactions ?
@caks2006407


you can register on individual AMC’s website and invest directly in mutual funds…. or you can open CAN account number and invest through MF utilities… I am using individual AMC website route… I initially opened fundsindia account and created folios in each AMC.. and then registered with individual AMC website and invested directly through them…

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Deal Subedar
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I have registered SBI SIP from SBIMF.com and set my billpay
Date is from July 2016

what else is required?
how i will get info when actual investment is done.. etc
I am too naive in this…
pls guide me

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Deal Lieutenant
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3174
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@BATMAN wrote:

I have registered SBI SIP from SBIMF.com and set my billpay
Date is from July 2016

what else is required?
how i will get info when actual investment is done.. etc
I am too naive in this…
pls guide me


on the sip date that you scheduled, the amount would be deducted from you account and invested in the fund that you selected. you will receive an account statement from SBI MF within 2 days from the SIP date.. you can login to SBI MF and check your transaction status and summary of your holdings.

For any investment related info you can tag me with your queries.

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Deal Captain
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12676
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@Cherry wrote:

@BATMAN wrote:

I have registered SBI SIP from SBIMF.com and set my billpay
Date is from July 2016

what else is required?
how i will get info when actual investment is done.. etc
I am too naive in this…
pls guide me


on the sip date that you scheduled, the amount would be deducted from you account and invested in the fund that you selected. you will receive an account statement from SBI MF within 2 days from the SIP date.. you can login to SBI MF and check your transaction status and summary of your holdings.

For any investment related info you can tag me with your queries.


Systematic Investment Plan (SIP) is a financial planning tool that helps you to create wealth, by investing small sums of money every month, over a period of time. A Systematic Investment Plan (SIP) is a vehicle offered by mutual funds to help investors invest regularly in a disciplined manner.

http://mutualfund.birlasunlife.com/Pages/Indivi...

TOP – UP SIP

Top-up SIP is a facility whereby an investor has an option to increase the amount of the SIP Installment by a fixed amount at pre-defined intervals. This will enhance the flexibility of the investor to invest higher amounts during the tenure of the SIP.

Terms and conditions of top-up SIP are as follows:
The Top-up option must be specified by the investors while enrolling for the SIP facility.
The minimum SIP Top-up amount is Rs. 500 and in multiples of Rs. 500.
The Top-up details cannot be modified once enrolled. In order to make any changes, the investor must cancel the existing SIP and enroll for a fresh SIP with Top-up option.
In case of Monthly SIP, Half-yearly as well as Yearly frequency are available under SIP Top-up. If the investor does not specify the frequency, the default frequency for Top-up will be considered as Half-yearly.
In case of Quarterly SIP, only the Yearly frequency is available under SIP Top-up.
Top-up SIP will be allowed in all schemes in which SIP facility is being offered.
All other terms & conditions applicable for regular SIP will also be applicable to Top-up SIP.
SIP Top-up facility shall be available for SIP Investments through ECS (Debit Clearing) / Direct debit facility only.

https://www.sbimf.com/Services/Top_Up_SI...px

Bad decision good life favim.com 3475531
Deal Captain
16
5
12676
113
@Cherry wrote:

@BATMAN wrote:

I have registered SBI SIP from SBIMF.com and set my billpay
Date is from July 2016

what else is required?
how i will get info when actual investment is done.. etc
I am too naive in this…
pls guide me


on the sip date that you scheduled, the amount would be deducted from you account and invested in the fund that you selected. you will receive an account statement from SBI MF within 2 days from the SIP date.. you can login to SBI MF and check your transaction status and summary of your holdings.

For any investment related info you can tag me with your queries.


Systematic Investment Plan (SIP)
Systematic Investment Plan (SIP)
Start an SIP now
iSIP

You Earn Regularly…
You Spend Regularly…
Do You Invest Regularly?

We all have various dreams that we want to realize – owning a Car, a House or going on a Vacation. Besides these, we also need to plan for Children’s Education, their Marriage and our Retirement.

Achieving these dreams may seem like climbing Mt Everest, but its possible if you prepare for it – Step by Step

SIP or systematic investment planning is method through which you can invest in mutual funds through small and periodic installments. Though an SIP can be initiated on any day of the month, we suggest you to consider 12th and 25th of every month for setting aside money for investing. This will ensure that you save some money on 12th after paying all your essential bills and the rest on 25th after meeting most of your monthly expenses! What’s more, the plan comes with the flexibility to invest any amount starting with as little as Rs. 1000. Whether you choose to save during the beginning of the month or towards the end, the important part is to remind yourself to save, just the way you keep reminders for other payments.

What is SIP?
Systematic Investment Plan (SIP) is a financial planning tool that helps you to create wealth, by investing small sums of money every month, over a period of time. A Systematic Investment Plan (SIP) is a vehicle offered by mutual funds to help investors invest regularly in a disciplined manner.

Why is SIP a Smart choice?
Helps in inculcating financial discipline

Helps you put investments on your priority list

Average out your cost of investment and hence reduce your risk

Let’s say you invested Rs. 1000 every month and let’s assume the scheme you invested in is available at a unit value of Rs. 20 per unit. Then in month 1, you will be able to obtain 50 units. In month 2, if the unit value goes down to Rs. 10 then you will be able to obtain 100 units.

Hence for Rs. 2000 invested over 2 months, the total value of your investment at the end of 2 months is Rs. 1500. However, if you had invested a straight sum of Rs. 2000 in month 1 when the unit value was Rs. 20 per unit – your net value at the end of month 2 will only be Rs. 1000.

Hence a SIP helps you average out your cost and thereby reduce risk resulting in generating better returns

Helps in compounding your wealth

Getting rich is simpler than you think, here’s a simple formula that can help:

Start Early + Invest Regularly = Create Wealth

Invest Regularly
Systematic investing has a compounding effect on your investments. In the long term, an investment as low as Rs 1000/- per month can swell up into a huge corpus.

Start Early
Similarly, starting your investments early also has its own advantages. Starting early means that the power of compounding starts acting on your money earlier, thereby potentially generating better returns.

Consider the following graph:

An individual who starts planning for his retirement at 25 yrs of age by investing Rs. 1000 / per month may collect up to Rs. 40 Lakhs on retirement whereas his investment over the period may just be Rs. 4.2 Lakhs

On the other hand, if the same individual delays his retirement planning by 5 yrs, his wealth upon retirement may reduce significantly (approx Rs. 15 Lakhs.)

What are the available dates for making an SIP purchase?

While the purchase can be initiated on any day of the month, the actual purchase date can be 1, 7, 10, 15, 20, 28 of every month.

https://cdn0.desidime.com/attachments/photos/276257/medium/3427420wtir7r.jpg?1480968748

@gotrajk

Missing