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| Name | How to Start SIP & How SIP works? With Real Life Experience | SIP for Beginners |
| Video Uploader | Video From Finance Boosan |
| Upload Date | This Video Uploaded At 09-05-2024 10:19:48 |
| Video Discription | SIP, or Systematic Investment Plan, involves regularly investing money in mutual funds or stocks. It's a method of disciplined investing where you contribute a fixed amount at regular intervals. SIP is not a separate product but a strategy for investing, commonly used for equity mutual funds. These funds pool money from investors to invest in a diversified portfolio of stocks. For beginners, understanding mutual funds is crucial. They represent a basket of stocks managed by professionals. The value of these funds, known as Assets Under Management (AUM), can be substantial, and your investment contributes to this pool. The performance of the fund is tied to the performance of its underlying stocks, which can be volatile. Buying mutual fund units is done through various channels like distributors or online platforms such as Zerodha, Cams, Kuvera, etc. These platforms provide easy access to funds and maintain your transactions in a Demat format, ensuring you retain access even if the platform closes. Setting up a SIP involves selecting a fund, understanding its details like NAV (Net Asset Value), growth options, expense ratio, exit load, etc. Funds may offer options like Direct or Regular plans, with Direct plans typically having lower expenses. It's essential to consider factors like the fund's past performance, AUM, expense ratio, and exit load before investing. SIPs can be started for different durations, but typically, longer durations yield better returns. You can also pause or stop SIPs as needed. Proof of SIP's effectiveness is illustrated through a personal story of an individual who built a portfolio worth 10 Crores through disciplined investing over 18 years, starting from a modest background. He emphasizes the importance of discipline, continuous investing, tracking investments, and the significance of increasing income over focusing solely on returns. To gain more confidence in SIPs and mutual funds, resources like FreeFincal provide reliable information and advice without unnecessary jargon. Personal experiences shared by investors can also offer insights into practical returns achievable through SIPs. Courses : https://www.financeboosan.in Whatsapp Channel : https://whatsapp.com/channel/0029Va6xVGJ1iUxff71r8p23 Instagram : https://www.instagram.com/finance.boosan/ 10 Crore SIP Experience : https://bit.ly/SIP_10C_Exp Join Learner's Community : https://www.youtube.com/channel/UCmfl6VteCu880D8Txl4vEag/join _______________________________________________ New Account opening link : Zerodha : https://bit.ly/newZerodhaD Other Opening links : https://beacons.ai/boosan Video Editor : https://www.instagram.com/jagan_editor/ _______________________________________________ #financeBoosan #usefulinformationBoosan Stock Market, Mutual Funds, Investments, Personal Finance, Make Money Online SIP Investment tamil How to start SIP investment SIP Investment basics tamil SIP for beginners Tamil |
| Category | Education |
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