SIP Insurance Plan Benefits
Start SIP with as low as ₹1000
No hidden charges
Save upto ₹46,800 in Taxunder section 80C^
Zero LTCG Tax¶
Disciplined & worry-free investing
How to Calculate Returns Using the SIP Calculator?
To calculate returns on your SIP investments, you can use the SIP calculator, which is a tool available online. The SIP calculator simplifies the process of calculating the returns on your investments, enabling investors to make informed decisions about their financial goals and investment strategies.
How to Choose the SIP to Invest in?
Here are some of the parameters that you need to look into before choosing a scheme through SIP:
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Investment objective
Whether your goal is short-term or long-term, you can choose debt and money market funds or equity funds, respectively. Make sure to assess the risk and returns and align it with your objective before proceeding to apply.
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Know the fund house
While choosing, gain a good idea of the houses in your options before picking them up because they will make decisions for your investment on your behalf.
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Performance of the fund
The ultimate goal is to fetch good results. Study the returns for the previous years and compare them with other funds.
You can also check the returns of SIP by using online SIP calculator.
What are the Benefits of Investing in SIPs?
Some other benefits of investing in SIPs are as follows:
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Power of compounding
After several years, a small amount of money invested at the beginning of the investment will give you a huge return. This is called compounding. Hence, you can get a large sum by investing in the long-term with small but regular investments.
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Rupee Cost Averaging
SIPs help in averaging the Cost return ratio. This means, through SIPs, regular investors who invest small amounts can harvest huge profits than those who invest a large amount at the same time.
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Automated payments
It is natural for a regular investor to miss out on payment once in a while. But when it comes to SIP, you need not worry about this because your monthly payment shall be auto-debited from your bank account automatically on the predefined date.
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Emergency use
SIPs provide you with a facility where you can withdraw money when and where necessary. In case of emergencies, you can make a one-step withdrawal anytime.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
In Conclusion
The top 6 fund houses that provide the best SIP to invest for 10 years are discussed above with their investment objective, the type of investment, and other features. To analyze the performance of each fund, you can study the benchmark index.
Through SIPs, you can hassle-freely invest your money in a fund of your choice. Choose them carefully with the help of the given parameters and ensure you don't regret it in the future.