What are the benefits of Systematic Investment Plan?
A systematic investment plan (SIP) offers 2 major benefits to an investor: • It avoids lump sum investment at one point of time • In a scenario of falling prices, it reduces your overall cost of acquisition by a process of rupee-cost averaging. This means that at lower prices you end up getting more units for the same investment TOP What is NAV and how it is calculated? NAV is the net asset value of the fund. Simply put it reflects what the unit held by an investor is worth at current market prices. For details on calculation methodology and formulae, please click on our mutual fund glossary TOP Is there a minimum period for which an investor has to stay invested in a mutual fund? Mutual funds usually do not have lock-in periods, during which time investors cannot exist the fund. Mutual funds may create products with lock-in periods. For example, investments in special Equity linked Savings Schemes are eligible for tax rebate. In order to enjoy the tax rebate, the investor is required
