Sip definition
SIP operates on the principle of receiving compound interest on your investments. This can help you beat the inflated costs. Just remember to have a long investment horizon for wealth creation.Īs compared to traditional fixed deposits or recurring deposits, SIP provides double the returns. The amount of investment is also flexible: it can be increased or decreased.
SIP DEFINITION FULL
You can either withdraw the full or a partial amount from your investment, without incurring any losses. These are open ended funds to be withdrawn as per your choice, meaning they do not have a fixed tenor. Long-term commitments like investing in instruments like Public Provident Fund or Unit Linked Insurance Plans can be avoided with SIP. SIP provides you with tremendous flexibility. This is because of the inherent feature of SIP, where at every market correction, you will buy more, reducing your cost of investment and higher gains. The unique feature of SIP is the Rupee Cost Averaging, where you buy more units when the market is low and buy less when the market is high. A SIP is not only simple and convenient to track, but also makes you save more. With SIP, you can start investing small amounts as small as Rs 500 each month and watch it grow. Here is a look at the advantages of investing in SIP: What is Dematerialization & It's Process.Difference Between Demat and Trading Account.Documents Required to Open a Demat Account.
Aims, Objectives and Importance of Demat Account.What is the Sub-broker Program of IIFL?.I/We confirm that Tata Mutual Fund/Tata Asset Management Limited (TATA AMC) is relying upon this confirmation and in no event shall the directors, officers, employees, trustees, agents of TATA AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided. I/We hereby confirm that I/We are not giving a false confirmation and/or disguising my/our country of residence. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. Units in the funds are therefore not being offered or sold within the United States/ Canada or to United States/ Canadian Persons.īy entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments to any person in the United States of America ('US')/Canada.Ĭurrently, the funds of TATA Mutual Fund have not been registered under the United States Securities Act of 1933 (the 'Securities Act') or under the securities laws of any state and the funds have not been registered under the Investment Company Act of 1940 (the 'Investment Company Act') of the United States. The material/information provided in this Website is for the limited purposes of information only for the investors.
The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Tata Mutual Fund, securities or financial instruments in any jurisdiction in which such distribution, sale or offer is not authorised.