Working 9-6 jobs day and night in the office and saving a little from your salary every month, if you think that in a few years you will be able to buy your house and car, then it is just like a dream.
I am not telling you not to make savings. Rather, what I mean by this is that save in the right way. Save your money in a smart way.
There will be many of you who are already investing somewhere. But are you investing in the right place and in the right way?
Today we will tell you in detail about saving and investing in the right way. So let’s know What is SIP and how to earn money from it, SIP kya hai, SIP kya hota hai, SIP se paisa kaise kamaye, what is SIP in Hindi
What is SIP? (What is SIP in Hindi)
The full form of SIP is Systematic Investment Plan. It gives an opportunity to put a fixed amount every month in your preferred mutual fund scheme.
Usually it is started in Equity Mutual Funds. There are many people who deposit money in the bank so that they keep getting good interest, while some people get fixed deposit.
But SIP is such a great way that you can earn good money by investing little money every month. We can say that SIP is a smart way to invest in mutual funds.
Investment in mutual funds through SIP has increased significantly over the past several years. The biggest reason for this is that it gives good returns.
Full Form of SIP in Hindi
What does SIP mean? Systematic Investment Plan That is, systematic investment plan. To understand in simple language, “Invest in a way”. In this, a fixed amount is invested over a specified period of time.
Suppose you want to invest 1 lakh rupees, then you will not invest this amount together and deposit some amount every month through SIP method. Like you can deposit 5 or 10,000 rupees every month.
When you invest one lakh rupees every month, then after some time you will be able to get a good amount. With a small amount of money in a short span of time, you can achieve your big goal.
Investing through SIP is a great option for working people.
Advantages of SIP (Advantages of SIP)
- You can start SIP with just Rs.500.
- This is a good way to earn money.
- Investors can stop investing at any time.
- In this, investors get good returns.
- Income tax exemption is also available on the money invested in SIP.
- Investing in SIP is safe and easy.
- Investors can also customize the SIP as per their requirement. Like investment amount, date of installation etc.
- Investors can increase or decrease the amount as per their choice.
- You can stop SIP at any time after your GOAL is completed.
- Investors get information about the stock market through Alert SIP, in which there is an option to invest more money in case of weakness in the stock market.
- Investors can also withdraw their money midway if needed.
- It has the advantage of compounding. Like if you are investing in mutual funds for a long time and you earn returns and you also get returns on its returns.
How does SIP work?
Whenever you go to invest in mutual funds, you are given a form to fill. Where you tick on the option of SIP after the information asked.
After this you will also have been given the option of an auto-debit. Which means that every month the money will be deducted from your account (as much as you want to invest) on a specified date.
What is SIP Investment?
In SIP investment, investments can be made every day, every week, every month. That is, you are able to invest in it in a systematic way.
You can also start SIP in mutual funds through advance check or online instruction. So how do you want to invest?
How to invest in SIP?
First of all you should have these few important documents.
- Pan Card
- Aadhar Card
- Address proof
- check book
- passport size photo
After this you have to get the KYC process done. For which you have to give important information like your name, date of birth, mobile number and address. This process is also done online.
As soon as your KYC process is completed, then you go to the official website of the fund house. (where you want to invest)
Register your account.
After this you will be given a form to fill for your basic information.
- Set username and password.
- Be sure to fill the bank details.
- Enter the amount you want to invest every month and also select the date of installation.
Your SIP will start 30-40 days after doing this complete process.
How to earn money from SIP?
As we have told you above that SIP works on the principal of compounding. That is why it is considered a smart way to increase your income.
We will give you some such tips which will benefit you in SIP.
- Always invest in a multi-cap or 5 star rated fund house.
- Consult a good investment advisor before investing.
- Try to do SIP through monthly medium only.
- Invest in a short period of time but for a long period of time so that you can get good returns. Do not withdraw money for at least 5-6 years.
- Your money can double in 5 years and returns in 10 years.
- If you are investing monthly, then do not withdraw money even if the market crashes.
- Start investing with little money.
Do you also want to make a good income through SIP, this is a good and easy way to earn money.
in the end,
Friends, today we learned about SIP in detail. How you can earn a lot of money by investing through SIP. This is such a smart way through which you can invest and fulfill your goals, dreams.
Middle class families often face problems regarding savings. But by investing as mentioned in this article above, you will also be able to invest and earn money.
Keep in mind that never invest in wrong schemes under the guise of anyone.
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