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1-min read

What Is a Systematic Investment Plan and Why Should You Always Plan Your Investments

As investing through SIP involves making a periodic payment in the equities, you are able to tackle the ups and downs of the market better.

Anshika Bajpai |

Updated:May 1, 2019, 6:04 PM IST
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What Is a Systematic Investment Plan and Why Should You Always Plan Your Investments
As investing through SIP involves making a periodic payment in the equities, you are able to tackle the ups and downs of the market better.
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We’ve all heard the experts say ‘Save First, Spend Next’, but how many of us are actually able to do it? Not a lot. A Systematic Investment Plan (SIP) lets you do just that without any hassle. So what exactly is SIP?

Systematic Investment Plan helps you to invest regularly a fixed amount in the mutual funds taken by you. A fixed amount is deducted from your savings account every month and invested in the mutual fund of your choice.

point 1

Why do we use SIP?

1) Convenience - SIP lets you invest in a disciplined and phased manner. You even have the convenience to start investing in as less as Rs. 500.

2) Compounding interest - It ensures you get better long term benefits as compared to one-time investment.

point 2

3) Acts as an emergency fund - It can act as an emergency fund for unwanted contingencies like medical or loss of a job. Knowing that you have a backup puts your mind at ease.

4) Minimize the risk of equity fluctuations - As investing through SIP involves making a periodic payment in the equities, you are able to tackle the ups and downs of the market better.

So plan your investments now, to have some peace of mind and a relaxed life in the long run.

To know more, click here.

This content has been created in association with YONO SBI
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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