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Why Would You Choose the Best SIP Plans in India?


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SIP Plans in India | image source : freepik.com


In order to decide what SIP plans people go for in India, first we should briefly understand what does SIP mean and why is it gaining a lot of importance. SIP stands for systematic Investment planning and it is considered to be one of the most convenient and easy way to invest in mutual funds. SIP allows you to make a strategic investment where you invest a certain amount of money in regular intervals – for instance, in a weekly, monthly, quarterly, annually basis. 


Since the amount is fixed, the money is automatically debited from your account. Such planned investment allows you to develop the habit to save so that you are able to accumulate certain of amount of wealth which might help you meet long and short term financial needs. You can decrease or increase the amount you invest at intervals or stop your SIP plan whenever you wish to. Such SIP plans in India have allowed investors great flexibility and less pressure.  So you do not need to break your household budget and you can easily start your SIP with INR 500 per month. Later on, if you get some surplus income such as bonuses then you can reinvest this amount in your SIP account. 


Suitable and feasible SIP plans in India 


The main motive of SIP is to ensure that your investments are secure. With Kotak Mutual Fund’s account, you manage and control your finances and build a safe financial future. Thus, with these plans, you will have better say over your investments without any hassle or pressure. However, the return on your investment entirely depends upon on your choice of investment. Kotak Mutual Fund is a good example for SIP.


To start with the investment, it is very crucial that you do not make your investment on the base of any rough calculation or approximation. For SIP, it is advisable to work with actual figures with a foolproof plan, and you can also compare the different mutual funds according to their past performance and risk profile to choose the best SIPs.