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What is SIP and Why SIP for Wealth Creation

  • Writer: S N Sanjeeva
    S N Sanjeeva
  • Dec 2, 2022
  • 1 min read

You can create wealth through simple investments like a Systematic Investment Plan (SIP),


SIP is the solution:

What is SIP?

A systematic Investment Plan (SIP) is a smart financial planning tool that helps you to create wealth. It gives you flexibility and is a very convenient way of building a large corpus over a period of time. In short, SIP allows investors to invest a fixed amount every month for purchasing units of the scheme at NAV-based prices.

Why SIP?

· The power of two powerful investment strategies:

a) Rupee cost averaging benefits from volatility,

b) Power of compounding small investments creates a big kitty over time.

· No need to time the market

· Easy and convenient-auto debit from Bank Account

· Reap the benefit of starting early.

So, what’s a good time to start a SIP?

Anytime is good. You can make maximum benefit if you start investing in a volatile market.

 
 
 

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