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There are plenty of benefits of choosing SIP for investing in the mutual fund

Dec 2nd 2019 at 2:34 AM

Many people consider investing in mutual funds, but most of them do not know how to do that.
Do you have high financial goals like need a lump sum amount of money for your children’s higher education or buying an expensive house? In that case, you should consider investing in mutual funds SIP. A systematic investment plan (SIP) is the best method for people who would like to invest in mutual funds. With a planned amount and a time frame, you can get the best financial benefits with fewer market risks by opting for SIP. In this post, you can get an idea about how to start mutual fund SIP investments online.
What is SIP
SIP stands for systematic investment planning. This investment method helps an individual to invest a fixed amount of money regularly in mutual funds to fulfill his or her financial objectives instead of investing a lump sum amount as a one-time investment. In other words, it is a regular periodic investment to get high returns from a mutual fund. People prefer to invest in mutual fund SIP because of its power of compounding. If you want to start investing in SIP, you can start it with an amount as low as Rs.500.
Advantages of investing in SIP
There are plenty of benefits of choosing SIP for investing in the mutual fund. As said above, the most attractive benefit of investing in mutual funds through SIP is the power of compounding. Another benefit of this investment method is that it is lighter on your wallet. One can invest a calculated amount on a regular basis to make better returns through SIP. An investor can choose a particular day of the month for investing money in SIP if he or she opts for a monthly investment. That means your SIP option comes with flexibility. People who invest in mutual funds through SIP need not worry about the fluctuations in the market. You also do not need to monitor the performance of your fund from time to time.
How to start online mutual fund SIP investments
Many people consider investing in mutual funds, but most of them do not know how to do that. They do not know how to fulfill the paperwork to start their investment. But you can skip the dreadful paperwork if you opt to invest SIP online. Let’s check how to start your SIP investment online.
Fulfill your KYC
In order to start your SIP mutual fund investment, the first thing that you need to do is to complete your KYC (Know Your Customer) requirement. It is mandatory to invest in mutual funds and you can fulfill this requirement by submitting your application along with identity proof, address proof and a photograph. You need to provide all the basic personal information like your name, date of birth, address and mobile number in an online form. You also need to upload scanned copies of your PAN card, Aadhar card, address proof, and bank details to be a KYC complaint.
For more information contact us on: https://www.comparteinvest.com

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