#SIP MEANING UPDATE#

Your SIP account remains active even if you miss one SIP date but after multiple misses, it gets cancelled. However, just in case for whatever reason the fundsĪre not available in the bank account, you will miss one SIP. With auto-debit feature, firstly you don’t need to remember the debit dates as the bank account will get debited automatically on the date which you have selected for SIP. What if I miss my SIP dates or don’t have sufficient money in my bank account?.This increases the potential to build wealth over a period of time. The most important thing to remember is to stay invested. SIP provides rupee-cost averaging, and hence it should not matter if the markets are up The fact is that nobody can predict when the markets will be up or down. Is that true?Ībsolutely not and this is what most of the customers end up doing.

SIP should be started when the markets are high and should be stopped when the markets fall.SIPs generally work best for equity and equity-oriented hybrid funds given that these are prone to market fluctuations. The investment horizon and risk taking capacity of an individual. SIP can be made in an equity, debt or hybrid scheme. When it comes to mutual funds there is a general misconception that investing in mutual funds means investing in stocks. Does SIP mean investing only in equity funds?.You would like your bank account to get debited. It is just a date for your convenience – the date of which Reality is that SIP date has very less significance over a long period of time. There is a notion that choice of SIP date plays an important role in the returns. How important it is to choose the right date for SIP?.Please click here to start your investment journey: As a customer of Axis Bank, you can use your internet or mobile banking credentials to login to your investment account and start a SIP online. That’s how the magic of compounding works. This process gets repeated leading to a big corpus. Over time as your investment generates returns, the returns get added to the principal amount and this in turn generates more returns. Enjoy power of compounding: With SIP, one can stay invested for a longer period of time.This in turn leads to a lower average cost per unit over time which is also called as rupee cost averaging. In doing so, you end up getting more units when the price is low and fewer units when the price is

Just stay invested irrespective of the market conditions.

With SIP, you don’t need to worry about timing the markets.

And then depending on the goals and aspirations, one can increase the amount. 500 per month is sufficient to start with.

You can start small and there is no need to have a lot of money to start a SIP.

One doesn’t need to spend time on a regular basis to A fixed amount gets invested automatically at a fixed interval.

SIP instills discipline as it is route which helps you invest a particular amount on a regular basis.

However, the fact is that SIP is a style of investment and not a fund/scheme or a stock or an investment avenue. People perceive that SIP is either a mutual fund or different than a mutual fund. One can plan different life goals be it such as children’s future, retirement, international holiday, holiday home, You decide the amount, the SIP date and the schemes in which you wish to invest. SIP – Systematic Investment Plan is a disciplined way of investing wherein a fixed amount of money is invested in a pre-defined mutual fund scheme at a fixed interval. Tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein. To user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, Neither Axis Bank nor any of its agents or licensors or group companies shall be liable NoĬlaim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against Axis Bank.

#SIP MEANING UPDATE#

Axis Bank does not undertake any liability or responsibility to update any data. Other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ The use of any information set out is entirely at the User's own risk. Herein or on its completeness / accuracy. Pradhan Mantri Jeevan Jyoti Bima YojanaĪxis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated.Commercial Vehicle & Construction Equipment Loan.

Sip meaning