When chasing a financial goal, the simplest form of planning is to invest regularly
We all have various dreams that we want to realize – owning a Car, a House or going on a Vacation. Besides these, we also need to plan for Children’s Education, their Marriage and our Retirement. Achieving these dreams may seem like climbing Mt Everest, but it’s possible if you prepare for it – Step by Step
Systematic Investment Plan (SIP) is a simple method that helps you invest money regularly. It is just like a recurring deposit where you put in a fixed amount every month. Thus, it helps inculcate the good habit of disciplined investing.
A Systematic Investment Plan helps you invest a fixed amount regularly at a specified frequency say, monthly or quarterly. SIP is a simple method of investing used across the world.
Most of us calculate our earnings, expenses and savings on a monthly / quarterly basis. The easiest way to plan our investments, therefore, is on a monthly / quarterly basis.
SIP or systematic investment planning is method through which you can invest in mutual funds through small and periodic installments. Whether you choose to save during the beginning of the month or towards the end, the important part is to remind yourself to save.
Systematic Investment Plan (SIP) is a financial planning tool that helps you to create wealth, by investing small sums of money every month, over a period of time. A Systematic Investment Plan (SIP) is a vehicle offered by mutual funds to help investors invest regularly in a disciplined manner.
- Helps in inculcating financial discipline
- Helps you put investments on your priority list
- Helps avoid the temptation of jumping from one asset class to another during certain market conditions.
- Averages out your cost of investment and hence reduce your risk
- The Power of Compounding. With an SIP investment your investment grows and also your interest earns interest.
You can start hassle free SIP by providing by one time investment instruction to debit your bank account for payment of SIP transaction.
Your account will be automatically debited every month or quarter as instructed by you and the proceeds will be utilized for allotment of units of the mutual fund scheme of your choice.
To avail this facility, you can subscribe conveniently through MBL’s internet banking module which is currently available to all unit holders of Al Meezan maintaining a bank account at Meezan Bank. To activate e-banking facility through Meezan Bank’s website Click Here