SIP Investment: SIP stands for Systematic Investment Plan. Some investors prefer to invest lump sum money, but salaried people prefer to invest through SIP. Salaried individuals investing with this facility can invest on a monthly, quarterly or half-yearly basis as per their convenience. Through SIP, you can collect big funds by depositing small amounts. But before investing through SIP it is important to keep some things in mind. Keeping these things in mind, you can earn more profit. (SIP Investment)
Keep an eye on lump sum deposits as well
Investors are also required to make lump sum deposits from time to time to improve their investments. Many a times there is more income in a month through some medium, these incomes can be annual interest or withdrawal on maturity of a policy or completion of any savings. Such earnings should be deposited by the investors in a lump sum with the SPP. Investors should invest in lumpsum when the market is down. Thus lump sum investment is also necessary.
Do not keep gap in SIP
Investors should keep in mind that SIP should continue. You should not gap SIP before achieving your set goal. There are some investors who continue with their investments only for a short period of time. Such people find it difficult to achieve their financial goals. Always keep in mind that the more time you stay in the market, the more profits you make. So under no circumstances should you give up investing.
Increase SIP every year
This may not be known to many investors but maybe topping up a SIP is a must. According to the increase in salary every year, the investment amount of SIP should also be increased every year. The amount of ASIP should be kept increasing for maximum benefit.
save small but do
Many people start investing too late. Suppose you should start investing early with small investments without waiting for the right time. After one age the ability to invest decreases.
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Talking about money If you invest through SIP then keep these important things in mind
SIP stands for Systematic Investment Plan. Some investors prefer to invest lump sum money, but salaried people prefer to invest through SIP.
Story first published: Tuesday, November 15, 2022, 12:33 [IST]