SIP BOOSTER: KNOW IT ALL
SIP | Image Source : financialexpress.com
SIP investment is more like a tool that encourages and brings discipline in your investments by allowing you to invest a certain pre-determined amount at regular interval be it weekly, monthly, quarterly or half-yearly). Not only this it also does not affect or disrupt to your monthly budget. It is more like having an organized way of managing your budget & finances. In SIP, as you have decided on your preferred mutual fund to invest, the fixed amount is deducted from your savings account at a regular interval as per the plan & preferences set with the mutual fund you’d decided to invest. In fact, the deductions are made automatically from your bank account into the preferred mutual fund investment on the specific date or period. Since you will be investing into the market at both the high & the low times, you will diversify your risk and therefore receive a weighted average return over a period of time.
SIP in itself has a wide range of benefits, from making you a disciplined investor without disrupting your regular income & financial savings to a secured financial future. So, if we boost the financial investments then the benefits also increase in many folds. The SIP can be boosted at the time you have any excess income/ bonus/ increments, etc. So, here are few questions:
GROW YOUR ‘SIP’ INVESTMENT WITH A BOOST
1.What exactly you do when you receive an increment or a bonus? Do you spend the all or spend them wisely?
2.You may either choose to spend that additional income to purchase some assets or clear few pending bills or take a long family vacation.
3.But, while doing so, please do remember to invest in a better future resulting which your money & its connected benefits doubles – by boosting your SIP amount.
Why Boost your SIP amount?
As a disciplined investor, you are already aware of the benefits of SIP. You know that small investments over a long period of time can multiple into a significant sum. By choosing to boost your SIP amount, you can gain the following benefits:
1.Increase your investment effortlessly
2.Get a better income to investment ratio
3.Increase your earning potential and the amount of wealth you accumulate
How to Boost your SIP amount?
Kotak’s SIP Booster Facility makes boosting your SIP amount as simple as 1, 2, 3.
1.Log into your account and click on the SIP you wish to boost
2.Enter a booster amount
3.Define the intervals of the boosts
Submit your details to enable your SIP booster.
Want to enhance your SIP investment?