Your First Job. Your First SIP. The Beginning of a Brighter Tomorrow

November 25, 2019

Your First Job. Your First SIP.

The day when you had your first appointment letter. The day when you were welcomed to your very own cubicle that bore your name. The day when you felt what being independent was all about. That day when you grew from a girl to a woman.

You took that first step and eventually the path took you along with it. The experience with your first SIP will be no different. All you need to do is take the first step to building your wealth with a safe Blue Chip Fund and before you know, you will be on the path to prosperity.

Why should you invest in an SIP?

The benefit of compounding interest

Compound interest means earning interest on the interest earned by you. A mutual fund SIP offers the benefit of compounding interest. When you choose the growth option for your SIP, the dividends you are eligible to receive are invested again in the chosen mutual fund scheme, so that you earn returns on the returns already earned by you. This can massively increase the value of your investment, over the long term. A mutual fund SIP is a great option of taking the first step towards a long term investment.

According to a research, 'Women are more risk-averse than men'

For a brighter financial future, take the first step today. Start an SIP in any mutual fund of your choice. A wide range of mutual fund schemes are available to suit different kinds of investors. Each type of mutual fund caters to a distinct need. Equity funds are suitable for long-term wealth creation, while debt funds are ideal for shorter investment tenure, tax-saving funds help you save taxes and there many other variants. The various options allow you to start SIP investment online in a scheme that complements your risk appetite and investment objective.

Become a disciplined investor

An SIP investment works in such a way that it eliminates efforts on the part of the investor. All one has to do is start the SIP and make sure that the bank account has the SIP amount on the debit date of each month. The Asset Management Company (AMC)/Mutual Fund House will automatically debit the chosen SIP amount and invest it in the selected scheme. This will ensure that you regularly invest. Such a disciplined investment approach is another powerful contributor to wealth generation.

Online monitoring

Now you can track your SIP investment online. This feature will help you track the growth of your investment and make changes as and when required based on your investment goals. That's not all, with the help of an SIP investment calculator; you can get an idea of what your SIP investment can deliver over the years. Go ahead; take charge of your financial future.

Top-up feature

Top-up facility is one of the latest offerings by most AMCs. It eliminates the need to boost the SIP amount manually. All you have to do is fix a percentage or an amount by which you would like to increase the SIP amount coupled with the duration at which the increment should be applied. Along with the boost in the SIP amount, the returns on your investment shall increase too. Whether you want to save for an emergency fund, a family vacation or are simply looking to multiply your overall wealth, this feature can help you achieve your goals sooner.

Wait no more and take a step towards your brighter future today!

To know more, please contact your relationship manager or Click here to apply for a Mutual Fund SIP.

 

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The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would (by reason of that person‘s nationality, residence or otherwise) be contrary to law or regulation or would subject lClCl Bank or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith by lClCl Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. lClCl Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered reliable by lClCl Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. 'lClCl ' and the 'I-man' logo are the trademarks and property of lCICl Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.

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