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Start Your Monthly SIP Now!
April 28, 2011

Author : FSM Content Team

"Start Your Monthly SIP Now"
If you remember the childhood story of the Tortoise and the Hare, then the Systematic Investment Plan (SIP) is equivalent of the tortoise in the race to create wealth.  SIPs make sure that you continue moving slowly but surely to win the race in money matters!

Key Benefits of SIPs

  • Enforces investing discipline

  • No need to time the markets

  • Averages your cost over time

  • Invest at very low monthly installments

  To start your SIP, please click here >>


Some of the points you might want to think through before starting an SIP:

1)     Decide on the monthly investment amount that you can sustain over the investment period. For example, it can be Rs.1000, Rs. 2,000, Rs. 5,000 or any amount that you are comfortable with.

2)     Select the funds in which you want to invest through SIP, but make sure that the portfolio is diversified.  For example, you can invest Rs.1000 in 5 funds if you had chosen Rs. 5000 as the sustainable monthly investments in the previous point.  

3)     Understand the entry and exit loads applicable for SIPs. Some schemes have no entry / exit loads for SIPs over certain period. So, if you withdraw funds within the specified period, you might be charged the entry and exit loads. Or some funds require you to keep the funds with the mutual fund for a certain period and in case you withdraw within the period, the mutual fund house may charge you only exit loads.

   To view list of Recommended Funds, please click here >>


How can you SIP on FSM?

  1. Go to Transaction Tab > Systematic Transaction > Apply SIP
  2. Select a Fund
  3. Enter information
  4. Select Bank for ECS
  5. Print ECS Mandate Form
  6. Attach self-attested cancelled cheque with the ECS Request
  7. The ECS application will be submitted to your bank (Note: ECS confirmation may take up to 25 working days)
  8. On approval, Your SIP will be activated

Learn more: Systematic Investment Plans and their Benefits

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Disclaimer: iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's scheme information document including statement of additional information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer on the website.Please read our disclaimer in the website. Risk Factors: Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. The name of the Scheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. Please read the Statement of Additional Information and Scheme Information Document carefully before investing.

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