India is a diverse country with a lot of festivities. Diwali being so auspicious and India’s favorite festival, we all celebrate it in a grand scale. In this auspicious festival this year along with the celebrations, take a step towards growing financially.
In today’s world, ‘Save today and be rich tomorrow’ has changed to ‘SIP today and be rich tomorrow.’ You can invest in an SIP starting from just Rs 1000 every month up to as much as you like. SIP also ensures that you do not spend unnecessarily and instead save more.
#Note – When you invest in an SIP for 25 years at Rs 10,000 per month, your total investment of Rs 30 lakhs become Rs 8.62 crores @ 20% annual returns in equity funds.
An SIP is an investment plan which allows investors to systematically invest at regular intervals. It allows the investor to have the choice of his investment premium regularity as monthly, quarterly or annually. There are various investment vehicles from which SIP investors can choose like ETF’s, Mutual Funds, Stocks, Gold funds etc.
How it works? – As the name suggests, SIP is a method where an investor invests a fixed sum in a mutual fund at regular time intervals. Investors do not have the need to time the market when investing via SIP’s because timing the market doesn’t really help an SIP grow, whereas Investing regularly does.
SIP’s are a great way to invest money provided, you ensure regular investments in the due time periods.
To spend is tempting but by starting an SIP you can manage your finances better. You save more. Your money grows. This Diwali make your money grow!
Things you will need to consider while starting an SIP this Diwali?
ProsperX lists out a few Advantages of SIP to help you understand better why you should start a SIP this Diwali:
- SIP helps you discipline yourself to make regular investments.
- Due to investing regularly, you save a higher amount at the end of the year.
- You can start an SIP with minimal amount of Rs 1000.
- You do not need to time the Market.
- Investing in SIP gives you the benefit of rupee cost averaging.
- You get the benefit of compounding.
Here’s how you can easily start a SIP this Diwali:
- Decide how much you can save every month, eg: Rs 10,000.
- Select an investment term – how long you can continue investing.
- Consult ProsperX Advisors to know the best funds for you.
- Start investing with ProsperX.com
We at ProsperX wish each and every one of you a very happy and a blessed Diwali.
This Diwali stay safe and start an SIP.
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