What is Systematic Investment Plan (SIP)?
It is a mode of investing in mutual funds. Investors invest a fixed amount of money through SIP or Systematic Investment Plan at regular intervals under the selected scheme. There are a number of plans that are present in the investment market to select from and invest in.
SIP plans are best to invest in for a long-term as they provide the benefit of compounding. While investing via this mode, you don’t need to time the market and as in the long run, you will be able to redeem the benefit as a result of rupee cost averaging. SIP investments are mainly suitable for goals with longer saving tenure; for example, retirement planning, child education, starting savings early for child’s marriage, or any other goal. Investing in the best SIP plans in India is easy and light on the pocket. You may invest in it without worrying about the burden on family’s monthly budget. These plans help you in facing the short term fluctuations gracefully and are ideal if you wish to start your investment in mutual funds with a small amount. SIP investment is the key to help you earn great returns over a period of time and at the same time developing an investment habit in the investor.
Why You Need SIP?
Online SIP allows you to fulfill various financial goals. Whether you aspire to amass wealth, enjoy your post-retirement life with ease, or plan for your child’s future while sitting in the comfort zone, maximise the profits out of your investments within a blink of an eye. It has also made tax-saving more comfortable and convenient than ever before. The best online SIP plans have made it possible to invest and attain a growth perspective easily. Our professionals are always on their toes to guide you to invest in the best funds and boost up your earnings to provide excellent returns. It not only facilitates you to finance but also eliminates the possible risks of fraud or treachery which are quite common in the offline mode. You should now wave off all your worries and take up the online investment option.
Buying SIP online will save your time, effort, and money. All the funds available for online investments are visible in one place. Our tools are unique in the sense as they pick out the best investment plans and strategies for you, and build a customized portfolio to offer a convenient and time-efficient investment option. You only have to mention your details and our experts will analyse and advise you the most relevant options; the only thing that you need to do is to click on ‘Invest Now’ and begin your journey towards financially successful future.
How Does Systematic Investment Plan Work?
Online SIP has now become a part of the financial schedule for many investors. But, many of them are unaware of its working procedure. Before actually moving forward towards investing, you should know how your invested amount is materialised into beneficial returns for you. Investing in SIP is carried out through a systematic and continuous process. Every installment, which are paid monthly, fetches you some units of the scheme which are worth the amount of your investment. The units are being distributed on the basis of NAV, which is the net asset value or the per-unit price of the scheme. The number of units received by every client or unit holder depends on the NAV. Hence, if NAV is high, then you get fewer units for your investment, while a lower NAV will give you more number of units for the same amount. Thus, one can say that its make use of the bullish as well as bearish market conditions.
How do I Start a SIP Online?
After considering the advantages involved in SIP investment, you might need a perfect platform to invest in mutual funds, and if you are reading this, you are at the right place. There are multiple reasons to why you should choose MySIPonline above any other investment platform.
We have partnered with all the prestigious AMCs in India within the shortest span since inception. 22 prestigious AMCs including HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual fund, Reliance Mutual Fund, SBI Mutual Fund, L&T Mutual fund, Axis Mutual Fund and many other prominent fund houses have come forward to join hands with us. These AMCs have rolled out thousands of mutual fund schemes and have helped us enrich our bouquet of plans. Because of the detailed research and up-to-date technical support, we have come up as the fastest growing platform to assist investors in the optimum enhancement of their wealth-systematically, as well as, securely.
The success of investors who have invested with us is the result of cohesive dedication and diligence of investment advisers, web developers, and the highly motivated staff. We are always focused on helping you invest in mutual funds in the easiest possible manner.
Why Is SIP Better than Other Investment Methods?
Investment in mutual funds can be made either with SIP or lumpsum. The systematic investment plan is depositing a fixed amount periodically while lumpsum is more like a manual investment that can be done according to the convenience of the investor. For example, if you have to buy a car, there are two options to pay for it. Either by cash or EMI. Similarly, mutual funds also give two different options to invest, but in this case, systematic investment plan is considered more beneficial in many ways. If you are new to the mutual funds' industry or if you don’t have enough time to track the upcoming ups and downs of the market, SIPs are a blessing for you.
With the lump sum investment, the investor is unable to grab several benefits which are described above. Apart from the discipline in investment, features like rupee-cost averaging and power of compounding are also left out in lumpsum investment. The investor needs to do an in-depth analysis and time the investment precisely to generate healthy returns. You can save yourself from this hustle and bustle by choosing this method of investment.
SIP are often compared with recurring deposits or RDs, in which, SIPs have always proved out to be a better option. Although both of them are a conventional saving mechanism, RDs turn out to be demotivating in terms of returns provided. As far as SIP investment plans are concerned, it is not a scheme in itself like RD, but a method to invest in any of the schemes. The returns from mutual fund plans depend on the scheme in which you invest through it. For example, if you invest in equity-oriented schemes, then you might get copious returns while a moderate return will be generated through a debt fund. In systematic investment plan, the returns are subjected to market risk but are considerably better than that of RDs. The returns generated in RD are fixed and stable but are not even close to the investment returns. Thus, this type of investment is quite beneficial in terms of returns as well as features when compared to RD.
Top SIP Plans in India for 2018
Select from the expert picked top SIP plans to invest in.
Why Choose Us?
- MySIPonline contains a list of mutual fund schemes which are updated on a regular basis which enable the users to make the best use of their money.
- We have a team of financial experts, who recommend the best online SIP plans after thorough research for the ease of our customers. Clients can easily choose from the exhaustive list of mutual fund schemes.
- An entirely innovative feature of a customized portfolio is available, which enables the clients to invest in schemes according to their needs.
- A handy tool, known as SIP Calculator is available for simplifying the calculation of returns where investment is made through systematic investment plan.
- A plethora of funds are separated and categorized into various particular categories on our website to complement investors’ specific needs.
- Easily navigable dashboard is available with convenience to see the latest transactions and follow up all the investments anytime through any device.
- The most recent market news and updates along with complete awareness of the upcoming funds are provided which makes it easier to choose the most lucrative scheme according to the current market conditions.
- No additional amount is charged for signing-up, personal advisory, investment, and transaction in the mutual funds.
- The data is transmitted in encrypted format to ensure security and resistance from hacking.
- Certified Financial Advisers(CFA) and experienced analysts can be reached through chat, call, and email anytime for proper assistance regarding mutual fund investment.