SIP is the best way to invest
@goodfundadvisor (671)
India
May 23, 2010 1:04am CST
Investing through Systematic Investment Plan (SIP) is the best way to not only protect your money but also earn more, substiantially more.
with you SIP you automatically accumulate a substantial capital. You can start with as little as Rs.100!!
When you invest through sip, you buy less units when the market is up and more units when the market is down.
Ex: If you invest Rs.1000 every month, then you get 100 units when the Net Asset Value (NAV) is 10, but when the NAV goes up next month, say to Rs.20, then you buy less, 50 units.
Likewise, if the NAV goes down to Rs.5, then you buy 200 units. Ensures automatic averaging.
Do you know that if you had invested only Rs.100 in Reliance Growth Fund since 1996, you would have invested Rs.16800/- only (168 months), but your investment value would have balooned up to Rs.1,86,000/-!!!!!!!!
Just look at this through another angle. If you just sacrificied going out for a cup of coffee once a month, since 1996, you would have nearly Rs.2 lakhs.
That's the power of sip.
Would you consider investing through SIPs???
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