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What is SIP and its advantages

13 Oct 2017 | 18:15PM
What is s IP and what are its advantages meet a ship with his salary hike Ashe was determined to start saving Ravi Ashish is colleague and an active trader with Angel Broking suggested SIV Ravi explained s IP or systematic investment plan is a disciplined method of investing in mutual funds you can build a portfolio by investing a fixed amount of money say 1,000 rupees at regular intervals monthly quarterly or annually as convenient s IP offers many benefits it is wallet friendly and inculcates discipline and ideal for new investors its hassle free once initiated the amount is deducted automatically through ECS you buy neutral fund units at various prices so you don't have to worry about timing the market or market fluctuations this helps you get better results in lump sum investments you have to save for a period and then invest the amount with s IP Ashish starts getting returns from day one experiencing the power of compounding at its best to leverage these benefits Ashish is now ready to start investing in s IP with Angel Broking.
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