SIPs - A disciplined approach to wealth creation

SIP matlab Sleep In Peace 

All market-linked investments go through ups and downs with equities exhibiting more volatility than debt. A Systematic Investment Plan (SIP) is just the antidote to counter this volatility and thus create long term wealth.

What is it ?

You just commit to a fixed amounts (for ELSS Rs 500 else Rs 1000) at a periodic frequency (monthly or yearly) for a fixed tenure. The money gets automatically debited from your designated account either through a preset Standing Instruction or ECS mandate and units get created.

Here's why it helps

• You save every month and thus inculcates a sense of discipline and purpose.
• Prevents you from making a rash sentiment driven market investments.
• You buy at the average price and eliminates the risk of buying only at high prices.

Read on to know more.