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what is SIP investingcontents
1 what is sip2 types of sip
3 benefits of sipToday’s world is moving towards the new age and technology is growing very fast. With the help of modern technology, investment has become a necessity for everyone. If you are also a person who wants to take care of his/her financial situation then the first thing that you have to think about is the saving.
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SIP is short form for 'systematic investment plan'. It is one of the most common types of investing. It is popular in India and abroad. SIP means that you will invest in a particular scheme through regular small amounts. Let's know about different types of SIP schemes
TYPES OF SIP
There are two types of SIP
• Monthly SIP : You can invest as much as you want for a particular month and the amount will be deducted from your monthly income.
• Annual SIP : If you want to invest for a year, then you will get a certificate from the company saying that you have invested for a year.
BENEFITS OF SIP
• Less hassle: In case of a monthly SIP, you will be able to invest as per your plan. But in case of annual SIP, you need to make the payment each year.
• Long-term investment: SIP is long term investment that will help you to gain a lot of money in the future. If you invest in a mutual fund, you will be able to earn a little bit of money but if you do it through SIP, you will earn a lot.
The best advantage of SIP is that it can be started with minimum amount of money like 100rs and another advantage of SIP is that it gives tax payer exemption also.
I HOPE This article was helpful for you. We hope that you liked this post. If you want to know more about SIP, then you can visit our website.
(digital.aryan.com.)
