SIP-systematic Investment Plan- MF investing
Good Evening Investors!!!
SIP - Success investment Plan , Saral Investment plan , Sabse important plan , these are some full forms which are very popular amongst investors , SIP is must today for everyone, it should be the first investment for all, the power of SIP , Long term investment and compounding function are the three ingredients for long term wealth creation , Diversified Equity Mutual funds has a long past performance track records available to date , a regular SIP in ELSS tax saving schemes generated immense wealth in 20 years of time, If an investor started an SIP of 5000/- rs per month which run for 240 months having generated CAGR of 12% per annum then today after 20 years, total investment value of rs 12,00,000 is more than 45,00,000/- almost 4 times of investment value.
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