Systematic Investment Plan Comparison

Mutual funds are a good investment option. There are different types of mutual fund which cater to the different needs of the investors. Mutual funds invest in stocks, bonds and other securities. You can generate regular income from it or create wealth in the long term.

Systematic Investment Plan Comparison
Systematic Investment Plan Comparison | Image Resource : krushnafinance.com

You can invest in mutual funds regularly. Systematic investment plans allow you to invest a fixed amount of money in mutual funds regularly. It is a simple, convenient and disciplined way to reach your financial goals. SIP plans allow you to make the most of the growth potential of equity funds by investing systematically.

Calculating SIP

The fixed amount of money to be invested regularly is called the SIP amount. It is important to invest the right SIP amount to reach your financial goals. You can calculate the right SIP amount if you know the following

  • Your financial goal
  • The number of years you want to reach your financial goal
  • The right SIP amount required to reach the financial goal

ICICI Pru MF offers online calculator to calculate the right SIP amount. To calculate the right SIP you have to enter the following details in the calculator

  • Your financial goal
  • The number of years you want to invest for
  • The expected rate of return

The calculator will show you the amount in rupees to be invested monthly to reach your financial goal.

ICICI Prudential Mutual Funds also offer a mobile application to calculate the right SIP amount.

SIP Return
SIP Return | Image Resource : policybazaar.com

Benefits of investing through SIP

The benefits of investing regularly through SIP are

  • SIP is a discipline that allows you to invest every month so you do need not time the market
  • SIP can give your investments the flexibility to withstand market fluctuations
  • SIP allows you to buy more units when the market is low thus keeping your investment healthy

Usually we invest in SIP what we can spare rather than how much we should invest to reach the financial goal. Invest in SIP makes sense when your investments help you achieve your dreams. It is good to invest regularly but we should keep our financial goal in our mind while investing.

ICICI Pru Mutual Funds helps you to identify the right fund as per your need and allows you to compare fund performances before investing. It offers financial advisors to help you to invest. They develop a plan as per your investment objectives. They offer the right advice on SIP and investments. You should always consult your financial advisor before investing to make informed investment decisions.

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