Thursday, November 28, 2019

ICE RAJKOT SPECIAL #CURRENT AFFAIRS ICE MAGIC- 47


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ICE RAJKOT SPECIAL #CURRENT AFFAIRS ICE MAGIC- 47 

ICE Rajkot is Institute for Competitive Exam established on . Is situated in Rajkot City of Saurashtra Gujarat State. This Institute Provides Master Training to the Students who wants government’s job. Institute also Provides such a good materials for competitive exams.

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An SIP is a simple, convenient and disciplined way to meet your financial goals. It allows you to invest in Mutual Funds in calculated amounts over a pre-defined period of time. It allows you to make the most of the growth potential of Mutual Funds, by investing periodically and benefiting from Rupee Cost Averaging. Systematic Investment Plan or SIP is a smart and hassle free way to invest money in mutual funds with certain pre-determined amount at regular intervals (monthly, quarterly etc.). It is designed to help investors save regularly and thus accumulate wealth in a disciplined manner over long-term. BENEFITS OF SIP: Systematic Investment Plan (SIP) is a smart financial planning tool that helps you build wealth, step by step, over a period of time. Key benefits of SIP are: Lower cost through Rupee cost averaging SIP saves you from timing the market because by investing fixed sums at regular intervals, you have the advantage of picking up more units when the prices are low and less units when the prices are high. Therefore, SIP can bring down the average cost of your units. Aims to generate wealth through the compounding effect Investing regularly for a long period of time may help you accumulate a sizeable corpus through power of compounding effect. Reduce the volatility of returns It inculcates disciplined approach towards financial savings rather than ad hoc investment decisions. Time in the market via SIP addresses your worry of timing the market by smoothing the investor return cost averaging.

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