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In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/492
If you are looking for a safe and effective method of wealth generation with lesser risk, then SIP can be your go-to option.
Are you looking for a simple, effective way to grow wealth without breaking the bank? Well, you are in luck! Systematic Investment Plans, or SIPs, are here to make your financial dreams a reality. This blog will help you explore the basics and benefits of SIPs.
With Systematic Investment Plans (SIPs), investors can start small and slowly build a corpus using an organized and well-planned approach. It helps in building a large corpus by regularly investing in profitable investment tools and simultaneously keeps a safety net of insurance for any unfortunate event. This blog will discuss the benefits of buying a Systematic Investment Plan (SIP).
Systematic Investment Plan (SIP) is an investment tool enabling you to invest a fixed amount in a mutual fund plan regularly. You can invest a set amount to be paid quarterly, monthly, weekly, or lumpsum amount at once. Once the sum is determined, SIPs automatically deduct the specified amount from your savings account and invest it in the mutual fund schemes of your choice.
Make sure to invest in only a few different funds at a time. Ideally, three to four funds are advisable for investors to invest and produce reliable returns.
Along with being a safe option for investment, SIPs offer many more advantages. Some of the benefits are given below; let us have a look:
SIPs are like a gentle financial exercise for your wallet. You do not need a huge lump sum to start investing. With SIPs, you can start small and gradually increase your investments. It is all about consistency!
Imagine not having to think about setting aside money for investments every month. SIPs automate this process for you. You choose an amount to invest regularly, which gets automatically deducted from your bank account. No hassle, no fuss!
Here is where the magic happens. The longer you stay invested in SIPs, the more your money grows. Thanks to the power of compounding, your returns start earning returns. It is like a financial snowball that keeps getting bigger and bigger.
SIPs are like your financial safety net. When you invest regularly, you buy units of a mutual fund at various price points. It spreads the risk over time. So, if the market is down when you invest, you get more units for the same money.
One of the best features of a SIP plan is that it can be molded as per your choice. According to your own preferences or needs for cash flow, you can increase or decrease the amount to be invested.
SIPs give you access to a wide range of mutual funds. You can diversify your financial portfolio across equity, debt, and gold assets. Diversification helps lower the impact of market fluctuation on your investments.
When you invest in SIPs, your money is managed by experienced fund managers. They make informed decisions to maximize your returns. You do not need to be a financial expert; they have got your back!
SIPs are perfect for achieving long-term financial goals like buying a home, funding your child’s education, or planning retirement. It is like a financial roadmap that leads you to your dreams.
SIP tax benefits include Equity Linked Savings Schemes (ELSS) under the category EEE (Exempt, Exempt, Exempt). Taxes are not applied to the amount invested, the amount received at maturity, or the withdrawal amount. An ELSS fund’s annual deduction limit for SIP is ₹1,50,000. It is a win-win situation – you simultaneously save on taxes and grow your wealth.
Systematic Investment Plans (SIPs) are a simple yet powerful way to build wealth over time. These are convenient and disciplined ways to invest in mutual funds. They offer several advantages, including rupee cost averaging, power of compounding, disciplined investing, and affordability. If you are looking for a long-term investment option, SIPs are great.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/521
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
