What are the benefits of s Systematic Investment Plan?
Sarang Bhave (-) (115 Points)
09 October 2012What are the benefits of s Systematic Investment Plan?
Sarang Bhave
(-)
(115 Points)
Replied 09 October 2012
A systematic investment plan (SIP) offers 2 major benefits to an investor:
(1) It avoids lump sum investment at one point of time.
(2) In a scenario of falling prices it reduces your overall cost of acquisition by a process of rupee-cost averaging.
(3) This means that at lower prices you end up getting more units for the same investment.
Reliance Mutual Funds have schemes for all types of people and investments irrespective of amount and period.
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