Feeling lost with investing jargon? This guide is your friendly chat to demystify SIPs. Learn how a modest ₹3,000/month can kickstart your financial journey.
Don't underestimate small beginnings! ₹3,000/month is manageable, builds a crucial investing habit, and taps into the incredible power of compounding. It's ₹100 a day!
For your first SIP, keep it simple. Choose a Nifty 50 Index Fund or a well-managed Flexi-Cap Fund for broad market exposure and diversification. Avoid complex funds initially!
1. Complete KYC. 2. Pick an online platform (like Groww/PayTM Money). 3. Select your fund & ₹3K amount. 4. Set up an auto e-Mandate. 5. Confirm & Track!
Embrace market volatility – dips mean buying more units (rupee cost averaging). Don't stop! As income grows, increase your SIP by 10% annually for huge long-term gains.
Don't wait for the 'right time.' Never stop SIPs during market dips. Avoid chasing past returns. Invest with a clear goal and review your funds annually.
Curious about your potential wealth? Use our SIP calculators to see how ₹3,000/month can grow your money with compounding. Visit sipplancalculator.in now!