You can choose to invest a fixed amount in a scheme of your choice at regular intervals
Instead of investing Large amounts, more investors now prefer to invest smaller amounts regularly through SIP
Inculcate a savings habit with only 10% of your salary to generate wealth to achieve your dreams through SIP
SIP earns you higher returns than any traditional investments or keeping money in a savings account
You don’t need to worry about timing the markets, SIP makes your money grow through consistancy
Returns you earn also earn more returns over a period of time
Simply skip a month's investment if you are tight on your budget. No penalties unlike other investments
There is no maturity period for SIP, you can easily redeem your generated wealth at anytime to meet your financial needs
Invest in Equity linked Mutual Fund schemes to avail tax benefit
A Systematic Investment Plan (SIP), more popularly known as SIP, is one of the most convenient modes of investment. SIP allows an investor to invest a fixed amount of money every month in the selected mutual fund scheme. You can start a SIP with an amount as low as Rs. 500 per month (Rs 100 per month in case of few schemes). By taking the SIP route to investments, the investor invests in a time-bound manner without worrying about the market dynamics and stands to benefit in the long-term due to average costing and power of compounding. SIP can help you achieve your goals and instil financial discipline.
There is no time like NOW to start investing. The earlier you start investing, the better it is. This gives the invested money more time in the market, thereby increasing the growth potential of your investments.
You can start investing through a SIP with amount as low as Rs 500 per month or in case of certain schemes with Rs 100 per month.
SIP allows you to invest a pre-specified amount in a scheme at periodic intervals. So whenever the market moves down and Net Asset Value (NAV) of the scheme decreases, you end up buying more units of the scheme. If the market moves up, Net Asset Value (NAV) of the scheme increases and you will get less units of the scheme. Hence the average cost of purchase works out lesser.
Please login to Mutual Funds section of our website and click on Purchase. On the Place order page, you can select schemes from our Research recommended schemes/ select scheme yourself (from Quick Search). After selecting the scheme, click on SIP near the name of scheme and provide necessary information in the subsequent pages to start a SIP in the scheme.
To view the details of your ongoing SIP, visit the SIP Book of the Mutual Fund section of your ICICIdirect trading account.
The minimum amount to start a SIP varies depending on the scheme and the fund house you are investing in. Reach out to your fund House for more specific information. Generally, you can start a SIP with as little as Rs 500 while there is no upper limit to the SIP contributions you can make.
If you are in a financial crunch situation and can no longer afford to make SIP contributions, you need not close your investment altogether, you can simply pause it. Almost every fund house gives the option to pause SIP contributions for a certain time period. Investors can opt for it and keep their investments intact.
Due to any given reasons if you miss out on making a SIP instalment, no penalty will be charged. However, if you miss three consecutive instalments the fund house may cancel your SIP.
Once the SIP contribution period is complete you can redeem your investment. In case you have invested in a fund like ELSS you need to wait for all your units to mature and then redeem them. Alternatively, you can renew your SIP and continue to stay invested in the fund.
Net Asset Value (NAV) is the total market value of the units held in your portfolio. The NAV is subject to change. When you make a SIP contribution the new units are purchased at the prevailing NAV.
Systematic Investment Plan (SIP) is a way of investing in mutual funds through which an investor can invest a fixed amount in mutual fund scheme of his/her choice at regular intervals. Like a Recurring Deposit, an investor can invest fixed amount at regular intervals (monthly or quarterly) through SIP. Rather than investing a large amount one-time through lump sum mode, more investors now prefer to invest smaller amounts regularly through the SIP mode. You can start investing through SIP in a mutual fund scheme with an amount as low as Rs 100 per month.
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