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All you need to know about Goal SIP calculator
Investors often end up thinking that mutual funds and SIPs are the
same. However, that is not the case. SIPs are a facility through which
mutual fund investments can take place. A SIP Goal calculator is a tool that
helps you in your financial planning. It will help you understand your
future requirements and accordingly plan for your life goals.
What is a SIP?
Popularly known as SIP, the systematic investment plan is an investment facility that lets you invest the desired amount of money on a regular basis to help you achieve your goals. It instills disciplined method of investment without disrupting your finances. Investing in mutual funds through the SIP route can help you accumulate wealth over time.
Why start a SIP?
There are ample reasons to start a SIP. Among them low investment amount and disciplined savings are the main ones. By choosing the SIP facility provided by mutual funds, you can invest the desired amount every month that will routinely translate into savings before you spend your money. Gradually, these regular investment amounts will accumulate over time and yield returns that will help you achieve your life goals.
How to start a SIP Starting a SIP is simple and easy, once you have decided how much to invest and how often to invest. It is simple – you just need to complete KYC formalities, register for an account and, begin investing. Start by visiting the website of the fund houses, select the fund that you want to start a SIP in, add a debit mandate with your bank and follow further instructions. You can also take the offline route by visiting any branch of the fund house.
So, what are you waiting for? Start a SIP now!
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