![]() ![]() and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy depends on a number of factors including future investment performance | The amount shown is for 30-year-old healthy male, 15 years premium payment term, 30 years policy term with Max Life Online Saving Plan (Unit Linked Non Participating Individual Life Insurance Plan | Life Insurance is available in this product) Sources: groww.in/calculators/sip-calculator /mf/analysis/et-wealth-how-to-renew-sips-of-mutual-funds/articleshow/15079190.cms?from=mdr fi.money/blog/posts/what-are-the-taxes-on-returns-from-sip-investing-in-mutual-funds cleartax.in/s/sip-calculator/ groww.in/calculators/sip-calculatorĪll Rights Reserved. Create a goal for your SIP as it will motivate you to save money.ġ The assumed rate of return (4% p.a.If your income is increasing, increase your investment amount as well.Keep a check on your fund and be committed to your goal.Before starting a SIP, here’s what you need to remember.Create your account and finish the E-KYC. ![]() Visit the website of your preferred SIP.Set a reasonable goal that is equally sustainable. Select the date of SIP of depositing the fund each month. Check the past performance and the benefits that you will get. For example- if your goal is to invest long term, you can check equity funds. Make your financial plan, and select the plan accordingly. Select a SIP and decide the amount you want to invest. Select the suitable fund, investment date and amount.Till December 2021, around 19.5 million SIPs have been registered. SIP is a disciplined investing method to grow money in the long term. ![]() Knowing which SIP to invest in and how much to invest is crucial. ![]()
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