ICICI Mutual Fund
She has been working incredibly hard to accumulate the seed money needed to buy the land and start the project, but she has also been worried about how to go about making plans for her long-term financial objectives. This is when the Freedom SIP’s features come in handy.
What is Freedom SIP?
For an investor like Shiwani, she can start investing consistently through a systematic investment plan (SIP), which allows her to accumulate savings for the future. She need not wait till she has amassed a sizable chunk of money to start investing. She can start investing as little as Rs. 500 every month. Freedom SIP functions, similarly, allowing you to select a source fund and invest a fixed amount into it at regular intervals. However, it also offers you the option of withdrawing the accumulated corpus systematically through a systematic withdrawal plan (SWP). Freedom SIP is essentially a three-step process.
Step 1: Start saving and investing in a source scheme of your choice for a period of time between 8 and 30 years.
Diese Geschichte stammt aus der February 2023-Ausgabe von Investors India.
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Diese Geschichte stammt aus der February 2023-Ausgabe von Investors India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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