Investors often end up thinking that mutual funds and SIPs are the same. However, that is not the case. SIPs are a facility through which mutual fund investments can take place. A SIP Goal calculator is a tool that helps you in your financial planning. It will help you understand your future requirements and accordingly plan for your life goals.
What is a SIP?
Popularly known as SIP, the systematic investment plan is an investment facility that lets you invest the desired amount of money on a regular basis to help you achieve your goals. It instills disciplined method of investment without disrupting your finances. Investing in mutual funds through the SIP route can help you accumulate wealth over time.
Why start a SIP?
There are ample reasons to start a SIP. Among them low investment amount and disciplined savings are the main ones. By choosing the SIP facility provided by mutual funds, you can invest the desired amount every month that will routinely translate into savings before you spend your money. Gradually, these regular investment amounts will accumulate over time and yield returns that will help you achieve your life goals.
How to start a SIP Starting a SIP is simple and easy, once you have decided how much to invest and how often to invest. It is simple – you just need to complete KYC formalities, register for an account and, begin investing. Start by visiting the website of the fund houses, select the fund that you want to start a SIP in, add a debit mandate with your bank and follow further instructions. You can also take the offline route by visiting any branch of the fund house.
So, what are you waiting for? Start a SIP now!
The calculator, based on assumed rate of returns, is meant for illustration purposes only. Please get in touch with a professional advisor for a detailed suggestion. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as promise on minimum returns and/or safeguard of capital. In the preparation of the calculator, AMC has used information that is publicly available and information developed in-house. Information gathered and material used in this calculator is believed to be from reliable sources. AMC however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, AMC does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax advisor before taking any investment decision. The sponsor, the AMC, the Trustee or any of their directors, employees, affiliates or representatives (“entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information.
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