Saving money consistently is the first step towards successful Investing. And, today’s article is about how you can boost your investment return with SIP. With the world of the Internet, we can start investing in small amounts to get big returns. The only thing we need is knowledge of investment. And today we are here to share some important knowledge about it.

We all know that saving today for the future goal is an essential key in today’s life. Without investment, no one can achieve their dreams easily. Many people in history have already proven it. One of those famous people’s names is Warren Buffett. This man doesn’t need an introduction. Because we all know him from our childhood. Warren Buffett is an American investor who revealed in one of their interviews that they became the world’s richest person only because of their systematic investment planning. 

There are different kinds of online investment schemes available today. It can have different returns based on risk. Such as Fixed deposits, recurring deposits, systematic investments, mutual funds, etc. Investing in equity can be very risky if we don’t have proper knowledge of the market. In this, a Systematic Investment plan (SIP) is the best method if you are doing a job or have your own business. Today anyone can start SIP in just a single click even if they don’t have an idea of how to do it. Today we will see about these methods in detail. So, let’s discuss it in detail.

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What Is SIP?

SIP stands for systematic Investment plan. In this method, people can start investing with a small amount of budget. But the main thing is consistency in investment. Today many financial investors have suggested doing SIP. Many popular platforms such as Zerodha Kite app, Angel One, Upstox, Groww, Motilal Oswal, etc. 

People can start investing in any fund after signing up for this application. Most banking sectors in India also offer this scheme of investing money. Some popular bank names are State Bank Of India (SBI), HDFC, Axis Bank, ICICI Bank, Kotak Bank, IDFC First Bank, PNB, Bank of Baroda (BOB), etc. Thus, In today’s digital era private and public sector banks offer SIP facilities. People can visit the bank to get more knowledge about it. Even they can set up SIP for them if you don’t have enough idea about how to start it. 

For example, if you are 25 years old and doing a job or own a business then you can set systematic Investment for your bright future. Check this tool of age calculator to know how old you are today. You can set a specific time duration of systematic Investment based on your current and future earnings. Suppose you start doing monthly SIP with an amount of 5000 INR and want to keep it running for the next 30 years then your return will be 3.50 crore INR without inflation. This return varies according to market conditions. You should keep an eye on inflation whenever you are going to start investing with any kind of scheme including SIP. If you are new to this field then it is better to take advice from reputed financial advisors before starting any investment. Or you can visit the SIP calculator website tool to understand its workflow.

Type Of SIP?

Regular SIP:

If you can keep passion and able to make a consistent investment in this scheme then this will be one of the best future savings schemes. Once you start investing with this keep you should complete your installment on time until your decided time. Once you start it and decide the amount of installment then you can’t change or leave it. And if you leave it before your decided time of investment then you will get a big loss in terms of return. Thus, in regular SIP people have to do regular, fixed amount investments for their decided period. 

Flexible SIP:

This scheme allows you alternation in the amount of installment according to your financial conditions. As with regular SIP, there is no fixed amount of installment in this scheme. Also, the period of investment time is not fixed. Thus, this scheme will be best for those people who want flexibility in their installment amount. 

Step-up Or Top-up SIP

Inflation is the term that heart most people’s savings. So, if you are planning an investment scheme then you should understand this term first. Because, in all countries, there will be Inflation over a period. It can be raised due to wars, a country’s financial crisis, market disruptions, less demand for goods, monetary policies, etc. If you want to understand how much percent of your savings can Inflation burn you can visit the Step UP SIP Calculator.

Trigger SIP:

This scheme allows investors to up or down their investment amount based on their decided specific trigger moment of the market. It allows investors to set up their SIP based on market conditions. Such as on which condition the user wants to start and end it.

Perpetual SIP:

There is no specific time duration for this scheme. People can leave or cancel this scheme at any time whenever they don’t want to continue investment in their selected fund.

Multi SIP:

It allows investors to invest in multiple mutual funds using a single SIP plan. Generally, in all other types of schemes, people can make systematic investments in a single fund. While multiSIP allows it in multiple funds. The benefit of this scheme is lower risk due to its above-discussed facility.

Conclusion

Whether you are a financial advisor or individual investor it doesn’t vital if you are here to learn about how to boost investment returns. Today, most financial investors are using this kind of investment flow to boost their client portfolios. So this is all about SIP and their types. Also, we have covered how they work. Hope this wonderful guidance motivates our article readers to start investing for the long term to make their future brighter. Also, we have shared essential tools that you can try in order to plan your investment correctly.