Types of SIP

SIP are the ideal way to invest in Equity Mutual Funds.There are 3 types of SIPs Top-up SIP These SIPs allows you to increase your SIP amount at regular Intervals. It enables you to take advantage of a mutual fund scheme that is performing well by increasing the amount of your contribution at regular intervals. Flexible SIP This type of SIP provides the facility to increase or decrease the SIP amount as per the cash flow of the investor. When an investor faces cash crunch due to some reasons he can skip payment of few SIP instalments till the financial situation returns to normal. Trigger SIP It is suitable for those with some knowledge and awareness of financial markets. Trigger SIP is not desirable as it encourages speculation. Perpetual SIP If a SIP mandate does not has end date then that SIP is know as Perpetual SIP. This leaves the options open for the investor to redeem the fund at the time of his choosing or when his financial goals are achieved.

07-03-2024 INDIA, Mumbai

Price: 100 INR

Category: Financial Services

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