Tata AIA SIP Plan

Tata SIP (Systematic Investment Plan) plan is an efficient way to invest a small, medium, or large sum in a prescribed period for the purpose of wealth creation. Tata SIP plan offers various options to an investor to make the investment of their fund or saving in order to accumulate a wholesome amount in the long run. SIP is considered an effective and efficient tool to generate a significant amount in a stipulated time.

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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

The Tata SIP plan allows the investors to select the frequency period of paying the installment, which could be on a monthly, quarterly, or annual basis. However, the investor is required to be consistent with his installment. In addition, the scheme must be coherent with the financial planning of the investors.

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 25.81% 27.49%
21.65%
View Plan
Virtue II PNB Metlife 24.47% 23.35%
19.37%
View Plan
Pure Equity Birla Sun Life 21.79% 19.59%
18.46%
View Plan
Growth Opportunities Plus Fund Bharti AXA 17.41% 18.75%
18.22%
View Plan
Pure Stock Fund Bajaj Allianz 18.6% 17.6%
17.82%
View Plan
Blue Chip Fund HDFC Standard 12.63% 15.02%
15.28%
View Plan
Growth Super Fund Max Life 12.81% 15.16%
14.69%
View Plan
Equity Fund SBI 13.65% 15.04%
14.38%
View Plan
Multi Cap Growth Fund ICICI Prudential 14.97% 14.08%
14.17%
View Plan
Equity II Fund Canara HSBC Oriental Bank 12.23% 12.78%
12.45%
View Plan

Updated as on February 2024

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  Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.80% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as on January 2024

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Let us understand the benefits of the Tata SIP plan.

Benefits of the Tata SIP Plan

Listed below are the key benefits of the Tata SIP plan.

  1. Discipline and Consistency

    The Tata SIP plan brings consistency wherein the investor must pay the premium charge at a stipulated time. Further, it ensures discipline from the end of the investor in order to fulfill his financial goal. By purchasing the Tata SIP plan, the investor gets committed to saving a certain sum to make the investment at a due date.

  2. Flexibility

    The Tata SIP plan offers investors the flexibility to discontinue the investment if they are going through a financial crisis. In addition, it does not have any lock-in period by which the investor is restrained not to withdraw his sum or to quit making investments. Further, the investor may increase or decrease the installment amount according to his financial conditions.

  3. Long Term Gains

    The Tata SIP plan provides a long-term investment planning option in order to generate a significant fund to meet the financial goal of the investor. It shows the benefit of rupee cost averaging, where an investor may benefit from buying more units if the market performance is low. In addition, he may buy less if the market performance is high. Rupee cost averaging is also considered an inherent feature of SIP.

    Additionally, the Tata SIP plan shows the power of compounding. The investor invests a small or large sum which fetches a better return compared to traditional or conventional plans. Moreover, the investor invests on a monthly, quarterly, or annual basis, which ensures the growth of returns with an increment of funds.

People also read: Tata Life Flexi Growth Fund

How to Invest in Tata SIP Plan?

It is essential for an investor to learn about the meaning and significance of a SIP plan in order to invest. Further, every investment plan includes a sort of risk that should not be avoided by the investor. Hence, he must get acquainted with his risk appetite. Listed below is the step-by-step guide for an investor to invest in Tata SIP Plan.

  1. Financial Objective

    It is crucial for an investor to analyze his financial goal before making an investment in a SIP plan. The investor may determine the tenure and premium amount only after examining the financial objectives behind investing in the Tata SIP plan. In addition, the investor must consider the fund requirement for a specific intent by deciding the timeline, inflation rate, and rate of returns.

  2. Mutual Fund Company

    Later the investor may contact a financial institution, such as a broker or a bank that offers mutual funds^^. First, the investor needs to decide on the mutual fund based on his risk appetite. Further, the investor must analyze the (AMC) Asset Management Company record, such as its performance, rate of returns, Net Asset Value (NAV), expertise, etc., of the fund scheme.

  3. KYC Process

    The investor needs to complete the KYC process in order to invest in the best Tata SIP plan. The process of KYC can be completed online. One can provide address proof, identity, Aadhar card, and PAN card details to complete the KYC. In addition, the person also needs to complete the verification of him, which can also be accomplished online. Upon completion of the KYC process, the investor may create an account with the fund house.

  4. SIP Details

    In the next step, the investor needs to provide the SIP details after completing the KYC process. The details include the period or frequency of paying the installment, which could be weekly, monthly, quarterly or annually. Further, the investor must provide the investment period and the specific amount. Lastly, the investor may also opt for the option of auto-debit to make the payment automatically and without remembering the due date.

  5. Start Investment

    After providing details, the investor may start investing in the Tata SIP plan, and the investment portfolio can be accessed by logging in to the SIP account.

Tata SIP Calculator

One can calculate or estimate the return on the investment by utilizing the calculator dedicated to the Tata SIP plan. In order to calculate the SIP returns, the investor needs to select the monthly investment amount along with the expected growth rate. In addition, he is also required to select the duration of the investment plan.

Let us understand the aforementioned terms in detail.

  1. Monthly Investment Amount

    The monthly investment amount refers to the sum an investor can potentially pay from his savings. However, the Tata SIP plan provides the discretion to choose the frequency. Hence, the investor may also allocate funds on a quarterly basis.

  2. Expected Growth Rate

    Generally, the growth rate or rate of interest, on an annual basis, varies from 9 percent to 18 percent. However, 12 percent is known as the average growth rate. At the same time, 10 percent and 14 percent are known as below and above-average growth rates, respectively.

  3. Investment Duration

    It refers to the timeline or the duration for which the investor decides to stay in the Tata SIP plan. The course may vary from one year to fifty years.

SIP plans available in

5 YEARS SIP Plans
Returns upto 19%
7 YEARS SIP Plans
Returns upto 18%
10 YEARS SIP Plans
Returns upto 16%
12 YEARS SIP Plans
Returns upto 14%
15 YEARS SIP Plans
Returns upto 15%
20 YEARS SIP Plans
Returns upto 15%

Conclusion

One cannot create a significant fund in a day or a month. Therefore, the investor needs to be consistent and diligent with his investment planning. In addition, he must plan for specific goals by analyzing the interest and inflation rates. An individual cannot accumulate significant wealth by earning a monthly salary. Investment is an effective way to generate a considerable return. In addition, the investment made in the Tata SIP plan ensures double returns compared to traditional plans. Hence, the investor must select the right category and choose the worthwhile scheme in order to meet the financial goal of the future. To get the better idea of SIP plans, it is suggested to study the best SIP plans in the market before investing.

+The Returns are 5 years of cost-adjusted returns of large-cap funds as of 18 Dec 2023, as per moneycontrol.
^If premium payable is below Rs. 2.5 lakh in any year . Standard T&C Apply
*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
~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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Invest In SIP & Get Financial Freedom

With BEST RETURNS and tax free maturity*

*under 10(10D)
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