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Of the various modes of Investment available to any investor in India today, a m Systematic Investment Plan or an SIP is one of the most popular. The reason for this is not just the convenience of following a systematic Investment plan but also its profitability over time. Let us look at the different types of SIPs in this article and understand their differences and the benefits of opting for a SIP Investment.
Mutual fund Investments offer the provision of opting for a ‘Systematic Investment Plan’ or SIP to their investors. With this, the investors can make regular Investments in the mutual fund in a systematic manner. This allows the investor to maintain discipline while investing and also earn better returns, depending on the mutual fund that they chose. Let us look at the various types of SIP options to understand the procedure of investing through SIPs in the next section. If you wish to calculate your SIPs in advance, head straight to IDFC FIRST Bank’s SIP calculator!
There are six major types of SIPs, each of which is explained in detail below:
Top-up SIPs allow you to increase your SIP Investment amount step-by-step to increase your overall Investment corpus.
So, which type of SIP must you choose? The answer would differ for different investors since the risk-taking capacity and Investment goals of every individual are different. However, you must be aware of the various features of each type of SIP to be able to make a better decision. Feel free to revert to this article to understand the various types of SIPs in India.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.