Bajaj Allianz SIP

Bajaj Allianz SIP is a great investment plan for an employee from a middle-class background. A middle-class individual has various financial obligations to fulfill. To accomplish those goals, an investor may rely on the Bajaj Allianz SIP plan, which offers a significant return on the investment. An investor planning for short and long-term financial goals may invest in SIP via the Bajaj Allianz SIP plan.

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It provides various categories along with several schemes for an individual. Hence, an investor may select any of them to make the investment and accumulate a considerable income.

Bajaj Allianz SIP plan

SIP (Systematic Investment Plan) is the best way to invest in the mutual fund^^ market. People generally get confused with SIP and Mutual Funds and consider them the same. However, an investor must note that SIP is only a method to invest in a mutual fund. It is an efficient way for an investor to grow his investment and accumulate a significant corpus in the future. An individual may invest a certain amount of funds regularly or at a predetermined interval through SIP. The investor may select a stipulated time on a monthly, quarterly, and annual basis to allocate the funds in the Bajaj Allianz SIP plan. 

Types of Bajaj Allianz SIP Plan

To invest in Bajaj Allianz SIP, an investor must understand the types of SIPs that Bajaj Allianz offers to its investor.

Let us under the types of SIP in detail below.

  1. Flexible SIP

    Flexible SIP, also known as Flex SIP, allows the investor to adjust his contribution to the amount he pays as a premium. For example, if an investor is incapable of investing more, he may reduce the premium amount. However, he may increase the premium amount anytime he wishes. It further allows the investor to act according to the movement of the money market. For instance, he may raise the investment if the market performs well. At the same time, he may reduce his contribution when the performance of the market starts falling.

  2. Trigger Bajaj Allianz SIP

    The trigger SIP of Bajaj Allianz SIP plan is a worthwhile scheme for an investor with incredible expertise and exceptional knowledge about the money market and mutual funds. An investor is required to set the NAV (Net Asset Value), date of the event, and index level in order to invest the funds. With trigger Bajaj Allianz SIP, an investor may take the utmost advantage of the event he has anticipated in the past. For example, suppose an investor knows that a particular announcement of a multi-national company or a government scheme may affect the market and escalate the price value of the plan. In that case, he may take advantage of that moment by investing a significant fund in that scheme. Hence, it is advisable for the investor to only invest in such funds if they are well versed in the operations of the market.

  3. Pause SIP

    Pause SIP is another exceptional feature of the Bajaj Allianz SIP plan, which allows investors to pause allocating premiums if they face a financial emergency. An investor may stay invested in the Bajaj Allianz SIP plan with pause SIP. It does not impede wealth creation planning, and the investor remains connected with his Bajaj Allianz SIP portfolio.

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

Benefits of Bajaj Allianz SIP

  1. Ease of Investing

    An investor may easily invest his funds in the Bajaj Allianz SIP plan. First, he needs to select the SIP tools he deems fit for investment. Later, he must choose a scheme and fill out the application form. After submission of the form, he is entitled to invest in SIP. Under the Bajaj Allianz SIP plan, an investor may start investing from INR 500 and increase the premium at his convenience.

  2. Rupee Cost Averaging

    Under the Bajaj Allianz SIP plan, an investor may buy as many units as he deems fit when the market is low and may sell when the market is high.

  3. Power of Compounding

    The investor may notice the power of compounding in the Bajaj Allianz SIP plan. This is because the investment amount or premium fetches more returns as the premium increases. For example, an investor may accumulate approx INR 27,00,000 if he continuously invests INR 10,000 per month for fifteen years at an interest rate of 15%.

Bajaj Allianz SIP Return

An investor may quickly anticipate the returns he is entitled to receive from Bajaj Allianz SIP. In order to do so, an investor needs to fill in the following details.

  • An investor needs to select his age to calculate the SIP returns on the investment.

  • Later, he is required to select the amount he wishes to pay on a monthly basis. The amount may vary from INR 1,000 to INR 100 crore. Hence, he may allocate the amount according to his goal and income.

  • In the next step, he is required to select the time period he wishes to stay invested with the Bajaj Allianz SIP plan.

  • Lastly, he may select the expected rate of returns, which varies from one percent to thirty percent. However, the investor may choose 12 percent as an average rate of return. Ten percent and 14 percent can be set as below and above-average rates of returns.

People Also Read: Bajaj Allianz Life Midcap Index Fund NFO

Conclusion

Bajaj Allianz SIP plan is undoubtedly an excellent investment product. It generates a significant rate of returns and allows the investors to accumulate a substantial sum for a short or long-term financial goal. However, it is essential to note that an investor is expected to remain disciplined while allocating the premium amount. He must start saving more funds from his income and keep escalating the premium amount to earn more returns. To get the better idea of SIP plans, it is suggested to study the best SIP plans in the market before investing.

FAQ's

  • What are the top five best-performing SIP funds in the Bajaj Allianz SIP plan?

    Listed below are the top best-performing funds.
    Funds Average Rate of Return (%)
    Equity Growth Fund II 13.54
    Accelerator Mid-Cap Fund II 12.73
    Pure Stock Fund II 8.23
    Pure Stock Fund 12.58
    Asset Allocation Fund II 4.42
  • How much wealth can I accumulate if I continuously invest INR 10,000 per month for ten years at an average rate of returns of 12 percent?

    An investor may accumulate INR 23,23,391 at the end of ten years by consistently investing INR 10,000 per month.
  • What key details do I require to fill in to get the actual return amount?

    An investor is required to select the monthly amount he is capable of paying along with the expected rate of return and time period.
  • Can I avail of tax benefits under the Bajaj Allianz SIP plan?

    An investor may avail of tax benefits under section 80 C of the Income Tax Act of 1961.
  • What are the funds I may consider to invest my savings?

    An investor may invest in equity, debt, and hybrid form of funds via SIP.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^10(10D) Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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