What is SIP :
What is SIP SIP means Systematic investment Plan
It is one of the ways to invest in Mutual Funds
Through SIP you can invest in Mutual Funds in small installments on a monthly basis
The investment is done directly by debiting your bank account on a specified date and Providing you a credit for the units purchased from the amount
You can start your SIP by filling up a simple SIP form and providing bank auto debit Mandate www.freemutualfunds.com
Things you should know about SIP :
Things you should know about SIP Your SIP does not stop if you miss an installment
The AMC does not charge you any money for missing an installment
Your bank however, may charge you as per banks policies
All SIPs are done in Open ended funds
There is no lock in for your SIPs (except tax saving funds)
You can withdraw any amount at any point of time without stopping your SIP www.freemutualfunds.com
Do's and Dont's for your SIP :
Do's and Dont's for your SIP Do's
Ensure Sufficient balance in your account on every date of Auto debit
Link your SIP with your financial goals and do it for long term
Dont's
Don't panic with market fall. Continue your SIP in the bad times
In case of a market rise, don't hurry to book your profit
Keep your investment tenure in mind www.freemutualfunds.com