What does a SIP mean and why should you choose it? This blog answers the Whats and the Whys so that you, the investor, are empowered enough to make a healthy investment decision. Let’s start off by understanding SIPs.
You must have come across SIPs and Mutual Funds as inseparable Siamese twins in every news article, investment blog, or press release. But what does a SIP mean? And why should you choose it?
This blog answers the Whats and the Whys so that you, the investor, are empowered enough to make a healthy investment decision. Let’s start off by understanding SIPs.
Investing through a Systematic Investment Plan (SIP) means that you invest a small, fixed amount of money in regular intervals over a fixed duration of time instead of investing a lump sum. There are 5 types of SIPs:
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SIPs offer the unique advantage of investing in Mutual Funds in a regular and affordable way. Here are the benefits:
As the investor, you can choose when to receive the returns either at fixed intervals or towards the end of the SIP’s tenure. Before investing in SIPs, it is a good practice to identify your risk level and set a plan accordingly.
All Mutual Funds in the Cube Wealth app are curated by our advisory partner, Wealth First. WF has made it easy for Cube users to select from and invest in the best Mutual Funds at any given point in time. WF has a track record of beating the average mutual fund by 50%. They have over 3,000 clients and an AUM of ₹7,000+ Crores.
Note: While we update our blogs regularly we recommend you see the latest data on the best mutual funds on the Cube Wealth App.
With the QuickSIP feature, Cube has made it easy and efficient for new investors to begin their Mutual Funds journey in a disciplined and pocket-friendly way.
To get started, simply:
What’s more, Cube saves you the time and effort to choose from over 17,000 Mutual Funds. There's a curated list of mutual funds especially for you. Explore it now!
Investing in Mutual Funds through Systematic Investment Plans (SIPs) is the best way to reduce risk, become a disciplined investor and create wealth for the long term.
Always consult a wealth coach before investing in Mutual Funds. A good Wealth Coach can help you identify your appetite for risk and select the best SIP plan that satisfies your investment goals.
The Cube Wealth app’s QuickSIP feature allows you to pick a Mutual Fund SIP based on your risk level. Download the app today to learn more.
If you are still unsure about how to get started with SIPs or if it is right for you, SPEAK TO OUR WEALTH COACHES today.
Check out these blogs from our SIP series:
on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!
