Sunday, July 24, 2016
Freedom Planning: Retirement Plannig Step1: Know your Gratuity
Freedom Planning: Retirement Plannig Step1: Know your Gratuity: Gratuity is lumpsum payment given to any employee when he reitires or leaves service, it is primarily meant to be a retirement benefit to an...
SIP Investing
Dear Readers
I am writing this blog after a long time and i am planning to write this blog continuously giving you a lot of insight on financial planning and investment. Today i am starting of about investing in SIP.
I would like to write some basics about SIP investing. I read in a survey last week that most of the Indians are thinking that SIP is name of a scheme. Let us understand it very clear that SIP is a method of investing and it is not the name of scheme of any companies.
It is a method of investing money in mutual fund on a monthly basis either in equity or debt schemes. Most of the equity and debt schemes of all mutual fund companies allow this type of investing. The minimum contribution per month will start as low as Rs.500/- a month and maximum there is no limit but it will vary from funds to funds and companies to companies. This investment has to me run for a minimum period of 6 months to one year. But it is always better to invest in an SIP with a financial Goal.
There are six or seven methods of investment are available in the market, but we not need worry about all these things, just we have to consider how much can be saved by us and decide the date which is comfortable for a contribution.
Just Start investing in Equity or Debt and have great returns.
I am writing this blog after a long time and i am planning to write this blog continuously giving you a lot of insight on financial planning and investment. Today i am starting of about investing in SIP.
I would like to write some basics about SIP investing. I read in a survey last week that most of the Indians are thinking that SIP is name of a scheme. Let us understand it very clear that SIP is a method of investing and it is not the name of scheme of any companies.
It is a method of investing money in mutual fund on a monthly basis either in equity or debt schemes. Most of the equity and debt schemes of all mutual fund companies allow this type of investing. The minimum contribution per month will start as low as Rs.500/- a month and maximum there is no limit but it will vary from funds to funds and companies to companies. This investment has to me run for a minimum period of 6 months to one year. But it is always better to invest in an SIP with a financial Goal.
There are six or seven methods of investment are available in the market, but we not need worry about all these things, just we have to consider how much can be saved by us and decide the date which is comfortable for a contribution.
Just Start investing in Equity or Debt and have great returns.
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