What Are SIPs and How Can They Help You Build Wealth in India?

Systematic Investment Plans (SIPs) is the simpliest way to invest in Mutual Funds. Think of it like grocery shopping, just like the way you buy groceries to stock up your kitchen, Similary, you invest a fixed amount of money from your income montly to build wealth in future with the power of compounding.

SIP is the most pocket-friendly way to build wealth, especially for the people who have just begin their career, since it is difficult for them to invest a lumpsum amount, they can simply invest a portion of their income every month.

What is the minimum amount required?

The minimum amount required to start a SIP is ₹500.

Some AMC's offer ₹100 SIP as well.

How can you calculate your SIP your amount?

Ideally the rule of investing says that you should invest 20-30% of your salary.

For Example: Your monthly income is ₹30,000, your total expenses is ₹20,00 , in this case you can save ₹4,000 and invest ₹6000.

This is a generalized example, the investment amount may vary on other factors like human behaviour, risk taking capacity, future needs or goals, etc. Please reach out to us for a personalised evaluation.

How can a 3k SIP grow in 10 years with the power of compounding?

Compounding is like earning interest on your existing interest earned. Over time, this growth builds up more and more, turning even small amounts into bigger sums.

Here's an example that will make your understand it better.

In conclusion, Systematic Investment Plans (SIPs) offer a straightforward and effective way to build wealth in India, especially for those starting their financial journey.

With a minimal starting amount and the flexibility to adjust as your financial situation evolves, SIPs are an accessible option for anyone looking to secure their financial future. Start your SIP journey today and watch your wealth grow steadily!