Types of SIPs available for mutual fund investors and their appropriate usage

A regular SIP allows investors to contribute a fixed amount at regular periods, such as monthly or quarterly, independent of market conditions. When initiating a regular SIP, participants must select their contribution amount, term, and investment frequency.

Objective-Based SIP: This SIP is intended for investors who desire to achieve a specific financial objective of member of family, such as his/her marriage, schooling, startup/business or real estate.

Top-up SIPs are ideal for those looking to increase their wealth without opening multiple SIPs.

Multi-SIP is a type of mutual fund investment scheme that allows investors to invest in multiple mutual funds or asset types through a single SIP.

Flex SIPs allow investors to change their SIP quantity based on market conditions or personal cash flow.

Trigger SIPs are created depending on predetermined criteria such as market indexes, NAV, or particular dates.

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