September 19th, 2011
Do you know about systematic investment plans or SIP? Systematic investment plan or simply SIP, is an investment style for investing in mutual funds or equity stocks. SIP is a very innovative and disciplined approach towards your retirement plan. The main advantage of systematic investment plan is that we can invest a very little amount of money on a fixed date of a month regularly until we stop it. This investment style is very simple and disciplined. We know that most of us are working individuals and we are completely depending upon the salary, hence this investing approach does not create any hassles to our budget. Every month a fixed amount of money gets debited from our account and gets invested in a mutual fund. This way we balance our monthly budget and take care of our retirement. Now a days, every one want to invest in mutual fund through this approach.
test Filed under Personal Finance | Tags: retirement plan | Comments OffSource: http://www.jubileefest.net/business-finance/personal-finance/retirement-planning-with-a-small-sum
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