SIP Investment: In today’s era where inflation is constantly increasing, it has become very important for everyone to save some part of their income for the future. But when it comes to investing, many people think that it will require a large amount. Due to this thinking, many people are not able to start investing. But now it is not so.
In recent times, with the advent of technology and digital platforms, investing has become very easy. SIP (Systematic Investment Plan) is a great way through which you can start investing even with very little money. Yes, you can start investing in SIP with just ₹ 100. Not only does it not put a strain on your pocket, but it also gives you the benefit of the power of compounding. Let’s know how you can achieve your financial goals by getting great returns through SIP.
Start investing in SIP with just ₹ 100
If you are looking for an easy and effective way to invest, then SIP can be a great option for you. For this, you can choose any mutual fund of your choice. You can invest a fixed amount in it every month. If you want, you can start SIP with less than ₹ 100, like ₹ 50. The biggest convenience is that you will not even need to go to any bank for this.
Invest from mobile sitting at home
Investing in SIP has now become so easy that you can do all this from your mobile phone sitting at home. You can start investing through Upstox, Groww, Zerodha, Paytm Money, or any other trusted website or app. For this, you will first have to complete the KYC (Know Your Customer) process, which is usually done online.
After KYC, you can set up Auto Debit by setting the amount, date, and duration (for how long to invest) of SIP. This will automatically deduct the investment amount from your bank account on a fixed date every month, and you will not need to pay manually every time. This helps in maintaining discipline in investing.
How much return can be obtained from SIP
By investing in SIP, you can really get tremendous returns. The biggest advantage of SIP is compounding and average cost. If you invest in equity mutual funds for a long time (eg 10-15 years), you can get a return of up to 10-15% per annum.
This return is usually much higher than fixed deposits or savings accounts, which helps in beating inflation. If you do a SIP of ₹500 every month and invest for 15 years, your total investment will be around ₹2 lakh. You can get a return of up to ₹5-6 lakh on this!
