| Systematic Investment Plan (SIP) |
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Investment Opportunity form Citibank® |
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Science of Investing called “Systematic Investing” – A Systematic Investment Plan (SIP) is a simple, time-honored strategy designed to help you accumulate wealth by investing fixed amounts at regular frequency. This results in a disciplined investment strategy over the long term, which helps in planning a better financial future.
Investing into equity funds through an SIP route makes enormous sense for you. You’d be amazed what you could achieve by setting aside a fixed sum of money regularly. Some of the powerful benefits of SIP are
- Inculcates and encourages a savings habit.
- Power of Compounding. Remember the age-old adage “Time is money” – the clock is ticking and every day you postpone your investment decision, you aren’t allowing your money to make more money for you.
- Dollar Cost Averaging – Anti Dote to Market Volatility. Investing systematically results in you buying fewer units when the equity markets are high and more units when the equity markets are low, thereby bringing down your average cost.
- No sentiments in investments. Though, ‘market timing’ sounds fine in theory, it seldom works in practice.” Remember, it’s the time, NOT timing, which is the key to investing. SIP helps you avoid the common error of sentimentally investing larger amounts in bullish markets or smaller amounts during bearish markets.
- Freedom & flexibility - To build your SIP, you can choose from over 75 funds spread across 12 asset classes. Unlimited fund replacement options and no exit/surrender charges incase you wish to redeem your investments. Remember "Money saved is money earned".
- Light on Wallet – With a monthly contribution of as little as US$500 towards your SIP, you can easily include this without altering your monthly budgets/financial allocations significantly. There is no need for committing large amounts of funds for investments. You can continue to maintain your lifestyle while making such small contributions towards building and securing your financial future.
Whatever your investment goal - retirement, children’s education or marriage, asset purchase or just long term wealth creation, a Systematic Investment Plan can help you achieve these.
For more information on SIP call your Relationship Manager at Citibank® or call CitiPhone Banking on +9714 311 4000.
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