SIP (Systematic Investment Plan) is the best mode to start investing in the mutual funds in India. It is a way by which one can initiate parking a small amount of money in the best schemes at a regular interval which is further allocated in diversified investment avenues across various sectors and instruments. Axis Mutual Fund is one of the best AMCs in India to provide the best SIP plans. If you are looking to park your money for wealth creation, then you must have this plan in your portfolio. Let’s elaborate the reasons for the same.
Small Investment at Regular Interval - A Disciplined Approach
SIP as the name suggests is the most systematic approach for investing. One has to pay a small sum of money on a recurrent basis which is auto-debited from the bank account. This money is invested in a scheme which is further bifurcated into different avenues by the fund managers. This way, without making any extra efforts one becomes a successful investor in the mutual funds and earn exceptional benefits of high growth from the equity market.
Rupee-Cost Averaging - A Cost Effective Strategy
Investment cost is one of the biggest factors which must be considered by the investors before parking their money in any scheme. This is the parameter which ultimately helps in determining the actual profits or returns fetched from any plan. The SIP benefits the investors in this by reducing the aggregate cost of investing. As the money is invested regularly on different dates at varying NAV, the units allotted in the scheme always vary. Accordingly, the overall cost of investment gets reduced if compared with the lump sum form of investing.
The Power of Compounding - Earn Interest on Interest
The compound interest is the rate of interest at which the principle, as well as the interest value, earn returns. This leads to accumulation of a huge wealth as the capital gets appreciated on a compound basis. Accordingly, SIPs help one in gaining wealth on the invested money so that the capital doesn't lose its value and build a corpus for a sound financial future.
SIP as the name suggests is the most systematic approach for investing. One has to pay a small sum of money on a recurrent basis which is auto-debited from the bank account. This money is invested in a scheme which is further bifurcated into different avenues by the fund managers. This way, without making any extra efforts one becomes a successful investor in the mutual funds and earn exceptional benefits of high growth from the equity market.
Rupee-Cost Averaging - A Cost Effective Strategy
Investment cost is one of the biggest factors which must be considered by the investors before parking their money in any scheme. This is the parameter which ultimately helps in determining the actual profits or returns fetched from any plan. The SIP benefits the investors in this by reducing the aggregate cost of investing. As the money is invested regularly on different dates at varying NAV, the units allotted in the scheme always vary. Accordingly, the overall cost of investment gets reduced if compared with the lump sum form of investing.
The Power of Compounding - Earn Interest on Interest
The compound interest is the rate of interest at which the principle, as well as the interest value, earn returns. This leads to accumulation of a huge wealth as the capital gets appreciated on a compound basis. Accordingly, SIPs help one in gaining wealth on the invested money so that the capital doesn't lose its value and build a corpus for a sound financial future.
Axis Mutual Funds provide various investment schemes in which one can initiate SIPs online. The plans are bifurcated into three broad categories which include the equity funds where investments are made in the equity shares and socks; debt funds in which funds are parked in the money market and debt instruments; and the balanced funds in which the money is put simultaneously in equities and debts.
So one has a great number of options to begin investing in SIP via Axis MF. If you too find interest in parking your money in the mutual funds online, then MySIPonline can be of great help to you. It has a wide range of online solutions to help you buy the best Axis Mutual Funds online in India.
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