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Everything you wanted to know about SIP

SIP is an organized way of investing regularly in a mutual fund.

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Everything you wanted to know about SIP

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  1. EVERYTHING YOU WANTED TO KNOWABOUT SIP WEALTHCARE INDIA

  2. WHAT IS SIP? • An SIP is a particular amount,invested for a continuous period at regular intervals, generally monthly. Usingthis method, an investor buys unit of a scheme at a pre-decided frequency.SIPs, which help investors take part in the stock market, obviate the need totime the market, and bring discipline to their investment methodology.

  3. MOST POPULAR TYPES OF SIP • Step-up or Top-up:-Step-up or top-up SIP allows you to increase the SIP amount at fixed intervals. This facility also allows you to take advantage of well-performingfunds by changing your investments appropriately. • Flex:Flex SIP or Flexi SIP, it allows you to adjust the SIP amount based onyour financial conditions as well as the conditions of the market. Withflexible SIPs, the SIP amount is flexible, and the investor has the option toadjust the amount as required.

  4. MOST POPULAR TYPES OF SIP • Trigger:- With the trigger SIP, you get to set a trigger for your SIP investment.This style is ideal for speculators withsound information on budgetary business sectors, as it incorporates hypothesisand every day market surveillance. • Perpetual SIP:-Continue paying without an end date. Not for a year, 3 or 5 years, yet prop up until you need to! However, this plan is normally not suggested, since having an end date shows budgetary order and energizes an objective based methodology that at last prompts financial satisfaction.

  5. How to Invest in SIP Online • Step1 Get necessary documents:-You only need a basic documents to start an SIP online: a PAN card, an address proof, a passportsize photograph, and a cheque book. The cheque book will be useful to provide your bank details. It is not obligatory to have an Aadharcard, yet it would improve the method. • Step 2 Become a KYC Complaint:-It is mandatory to comply with the Know YourCustomer (KYC) requirements for investing in mutual funds. You simply should provide basic information like name, date of birth, mobile number, address, etc. You just have to go through the process once, even if you are investing in multiple mutual fund schemes with different fund houses.

  6. How to Invest in SIP Online • Step 3 Start the SIP Online:-Once you are KYC compliant, you can visit the the website of the fund house you want to invest. Search for a ‘Register Now’ or a ‘New Investor’ link. It will prompt you to fill a simple form with your basic details, and to choose a username and password fortransacting online. It will also ask you to enter your bank account details toset up a monthly debit and to process the redemption proceeds when you redeem.

  7. CONTACT INFORMATION • Website:- www.wealthcareindia.com • Contact Us:-+91-98101 84368 • Email Us:-sales@wealthcareindia.com • Address:- A 54 A, Lower Ground Floor, Lajpat Nagar- II, New Delhi-110024, India

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