SIP: SIP or Systematic Investment Plan is looking very attractive form of investment in the country nowadays. In view of its advantages, its share in the Indian economic market has become very large. According to the recently released data, in the first seven months of the current financial year itself, the investment through SIP has been Rs 67,000 crore. Here we will know what is SIP and how through it you can collect great corpus or amount in few years.
know big news
According to the data released through the Association of Mutual Funds in India (AMFI) (April-October) i.e. in the first seven months of the financial year 2021-22, an investment of Rs 67,000 crore has come through SIP. The total contribution of SIP or SIP in mutual funds has increased rapidly and has more than doubled. Apart from this, if we talk about the collection of SIP on a monthly basis, it has reached the highest level till now in October. In October last, it has come down to Rs 10,519 crore and is acting as a booster dose for the mutual fund industry.
Learn the basics of SIP and how to start it
SIP which can be started with a monthly investment of Rs 500 and you do not need to invest a lot of money for this. The process of starting SIP is very simple and if you have PAN card, proof of home address and check book then you can easily start it. Apart from this, SIP can also be started online and you can know its method here.
step by step process
SIP is an investment mode of mutual funds and for this your KYC must be completed. If the KYC process is complete, then go to the website of the company whose fund is to be taken and select the new SIP i.e. New SIP. For new registration, click on ‘Register Now’ there and the form will open in front of you. In this, fill all the personal details and all your contact information. Generate username and password for online transactions. Fill the details of the bank in which the SIP payment will be done through your account. Login with your username and select the scheme you want to invest in. On completion of registration and after getting confirmation from the fund house, you can start investing through SIP.
read this also
Pension Rules: It is not mandatory for family pensioners to open a joint account for pension, the government gave this exemption
November Last Date: Must do this work by November 30, news related to scholarship to pension-home loan