This is the time when we can make the most of this growing active income. When young and working, our earnings increase over time. The withdrawal will be processed till the time units are available in debt/hybrid scheme. Once the period is over, the amount is transferred to a debt of hybrid scheme of one’s choice. Here, an investor initial invests through SIP in a scheme of one’s choice for a defined period. In effect, the feature helps you not just in disciplined investment but also in redemption. Both these steps are covered in the feature in the form of SIP (investing) and SWP (withdrawal). There are two major steps in the journey – investing and then withdrawal.
This a value add feature launched by one of the top fund houses in India. You are kept informed all along the way.įor those who are yet to start and is pondering how where to begin, then the easiest answer is to opt for a feature known as Freedom SIP. At your chosen interval, the SIP money gets automatically transferred from your bank account and invested in the mutual fund of your choice. You just have to decide how much you want to save/ invest every month, where you want to invest and for how long. The SIP way of investing allows you to automate saving and investing for life. Systemic investment plan (SIP) is one such option that helps in periodic investment as per your financial condition One can start with even ₹500 per month.
Saving or investing will have no meaning unless it is being done in a disciplined manner.
0 kommentar(er)
