IDBI Bank SIP Investment

The IDBI Bank SIP Plans are Systematic Investment Plans offered by IDBI Bank. They are a way to make disciplined and rewarding investments to help you steadily grow your wealth. IDBI Bank SIP Plans offer a variety of schemes to choose from, including equity, debt, and hybrid funds.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

What are IDBI Bank SIP Plans?

IDBI Bank SIP Plans are investment options that allow you to invest small amounts regularly in various investment fund schemes. With the potential for substantial returns, SIP Plans help you grow your wealth steadily over time. IDBI Bank offers a variety of SIP plans customised to suit the diverse needs of investors. Whether you are a conservative investor or seeking high returns, IDBI Bank has SIP plans to match your risk profile and financial aspirations.

IDBI Funds SIP Plans

Fund Name Fund Category Risk Profile
IDBI Small Cap Fund Equity High
IDBI Midcap Fund Equity High
IDBI Flexi Cap Fund Equity High
IDBI Equity Advantage Fund Equity High
IDBI India Top 100 Equity Fund Equity High
IDBI Gilt Fund Debt Low to Moderate
IDBI Dynamic Bond Fund Debt Low to Moderate
IDBI Short-Term Bond Fund Debt Low to Moderate
IDBI Liquid Fund Debt Low to Moderate
IDBI Hybrid Equity Fund Hybrid  Moderate
IDBI Equity Savings Fund Hybrid Moderate

*Using a SIP Calculator will help you to estimate the interest earned and maturity returns on your IDBI investments in SIP Plans.

Features of IDBI Bank SIP Plans

  • You can start a SIP with a minimum amount of Rs. 500.

  • IDBI Bank offers various mutual funds and other fund scheme options.

  • You can choose from equity funds, debt funds, hybrid funds, and more based on your risk appetite and financial goals.

  • SIPs allow you to invest a fixed amount regularly, promoting discipline and long-term wealth creation.

  • With regular investments in SIP, you can benefit from rupee-cost averaging and the power of compounding.

  • IDBI Bank SIPs can be used to plan for various financial goals, such as retirement, marriage, buying a house or car, and higher education.

How Do IDBI Bank SIP Plans Work?

Let us understand their working from below:

  • The first step is to choose an SIP plan that you want to invest in. You can choose from various plans, such as equity funds, debt funds, and hybrid funds.

  • Once you have chosen a plan, you must decide how much money you want to invest each month. You can invest any amount, starting from Rs.500.

  • You can set up a SIP with IDBI Bank through your bank account, net banking, or the IDBI Bank mobile app.

  • IDBI Bank will automatically invest the chosen amount of money in the SIP plan on a monthly basis.

  • The fund value grows as per the market conditions. However, you can use an SIP calculator to estimate your returns before investing in an IDBI SIP Investment plan.

  • Professional managers handle the investments, so you do not need to track individual funds.

What are the Advantages of Investing in IDBI Bank SIPs? 

Some advantages of investing in IDBI SIP Plans are as follows:

  • Safety and Regulation:  IDBI Bank SIPs invest in SEBI-regulated Mutual Funds, ensuring investor protection.

  • Tax Benefits:  Enjoy tax-free dividends and avoid long-term capital gains tax if you hold the units for more than a year.

  • Liquidity:  Most IDBI Bank SIPs invest in open-ended funds, allowing for redemption within 3 working days at the current Net Asset Value (NAV).

  • Convenience and Flexibility:  SIPs enable easy and hassle-free investing with features like systematic transfers, withdrawals, and even switching between funds to suit your evolving goals.

  • Risk Diversification:  IDBI Bank SIPs invest in a diversified portfolio across various industries and stocks, mitigating risk.

  • Transparency:  NAVs are declared daily, and portfolios are disclosed regularly, ensuring transparency.

  • Professional Management:  Experienced fund managers handle your investment, leveraging their expertise for optimal returns.

Tips for Successful IDBI Bank SIP Investment

Follow the tips mentioned below to get high returns from investment in IDBI Bank SIP Plans:

  • Stay Disciplined: Maintain consistency in SIP contributions to reap the benefits of rupee cost averaging and compounding fully.

  • Review Periodically: Monitor the performance of your SIP investments regularly and make adjustments if needed to stay on track with your financial goals.

  • Stay Informed: Stay informed about market trends and fund performance to make well-informed investment decisions.

Summary

IDBI Bank SIP Plans offer a convenient and disciplined way for investors to invest in SIP funds. Through regular contributions and diverse fund choices, investors can benefit from rupee-cost averaging and long-term growth opportunities, catering to their financial objectives and risk appetite.

FAQs

  • What is the interest rate of IDBI SIP?

    SIP investments in large-cap equity funds yield around 12-15% returns, while mid-cap equities can offer returns in the range of 14-17%.
  • Is 100 rupees SIP good?

    If you want to earn money through SIP, adopting a long-term approach is the most effective method. A recommended tactic is to set aside a minimum of Rs 100 daily from your regular expenditures and use it to invest in various funds via SIP.
  • What is SIP scheme in IDBI Bank?

    A SIP scheme in IDBI Bank is a Systematic Investment Plan offered by IDBI Mutual Fund. It allows you to invest a fixed amount of money in a mutual fund scheme every month. This helps you to invest regularly and build your wealth over time.
  • Is SIP in IDBI bank is safe?

    Yes, SIP in IDBI bank is safe. IDBI Bank is a well-regulated bank and its mutual fund arm, IDBI Mutual Fund, is a SEBI-registered fund house. This means that your money is safe and that your investments are managed in a responsible manner.
  • Does SIP pay monthly?

    Yes, SIP is paid in monthly instalments. When you invest in a SIP, you invest a fixed amount of money every month. This amount is then invested in a ULIP fund or mutual fund scheme of your choice. The fund then invests your money in a variety of securities, such as stocks, bonds, and money market instruments.

+For Mutual Fund midcap category Returns https://www.morningstar.in/tools/mutual-fund-category-performance.aspx & for Insurance midcap fund category Returns- https://www.morningstar.in/tools/insurance-fund-category-performance.aspx
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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