A disciplined way of investing in mutual funds and works on the basic principle of regular investment.
The investor need not worry about how much to invest and when to invest, it allows the investor to buy more unit at lower price.
Now you can also invest daily by opting “DAILY SIP” investment option other than weekly, monthly, and even quarterly basis.
To know more about “Daily SIP”,
call on 1800-258-5678 or visit us on https://www.licmf.com/Knowledge-center/investor-education
It is not necessary to start the SIP with a large amount.
Discipline: It allows you to invest a fixed amount at regular intervals for a specified period which helps in building a portfolio.
Power of compounding: The longer one remains invested higher would be the returns.
Lower transaction cost: Transaction cost for investment via SIP is far lower compared with investing directly in equities.
Rupee cost averaging: The average investment cost comes down because investor passes through all phases of the market.
Convenience: Hassle-free mode of investment as amount gets debited automatically with NACH / Auto Debit instructions.