What is monthly Investment plan. Give the full detail and what is the benefitial feature of this. ?

Question

What is monthly Investment plan. Give the full detail and what is the benefitial feature of this. ?

Answer 1

HI,

RIGHT NOW, IN INDIA, IF U WANT TO HAVE A MONTHLY INVESTMENT PLAN U CAN TAKE THIS BY APPROACHING TO POST OFF.,BANK'S,AN MOST DEMANDED IS MUTUAL FUNDS OR ULIP,IF U WANT TO  TAKING M.F OR ULIP's (IF UR INVESTMENT IS MORE THAN 70% IN EQUITIES )THAN  MONTHLY MODE's WILL ALWAYS REDUCE THE RISK PROFILS OF UR INVESTMENTS AND ONE MORE THING S.I.P IS NOT ANY PLAN OF A COMPANY ,IT IS A MODE OF INVESTMENT.

C U .........

Answer 2

Monthly investment in MFs is called as Systematic Investment Plan or SIP.  With this option, you will invest small amounts every month in a Mutual Fund by purchasing in the price at the time of investment.

Answer 3

if you are investing some fixed amount money in bank/post office its called reccuring deposit. same think doing in Mutual funds, that called SIP, in case of mutual funds SIP is most beneficial. NAV is declare on daily basis that is depends upone share market performance. so, your averege investments will be always good