Systematic Investment Plan for your Child - Coimbatore

Tuesday, 1 November 2016

Item details

City: Coimbatore, Tamil Nadu
Offer type: Offer

Contacts

Contact name M.Boobathi
Phone 9952433369

Item description

SIP works on the principle of regular investments. It is like your recurring deposit where you put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment
i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF. Thus, you can invest in an MF without altering your other financial liabilities. It is imperative to understand the concept of rupee cost averaging and the power of compounding to better appreciate the working of SIPs.

With Regards,
M.Boobathi