What is SIP and how to earn money from it?How to make money with SIP? - Codeprg

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Monday 20 July 2020

What is SIP and how to earn money from it?How to make money with SIP?

What is SIP and how to earn money from it?How to make money with SIP?



What is SIP and how to earn money from it?

Whether you're unable to save lots of money even after tax, does one want to understand the proper thanks to save, then you're reading the proper post. Today I will tell you a smart way to invest so that you can make your dreams come true in the coming years. With this, you can invest a little money every month and get a big amount. Today we will learn about SIP in detail. What is SIP, how to invest in SIP and how you can earn millions from it?


What is SIP and how to earn money from it?

By doing 9-6 jobs in the office day and night and saving a little from your salary every month, if you think that in a few years you will be able to buy your house and car, then it is just a dream.

I am not telling you not to do savings. Rather, what I mean by this is to do savings correctly. Save your money in a smart way.

What is the stock market and how to make money from it?

There will be many of all of you who are already investing somewhere. But are you investing in the right place and right way?

Today we will tell you in detail about saving and investing in the right way. So let's know what SIP is and how to make money from it, SIP kya hai, SIP kya hota hai, SIP se paisa kaise kamaye, what is SIP in Hindi


What is SIP?


The full sort of SIP is Systematic Investment Plan. This gives an opportunity to put a certain amount every month into your preferred Mutual Fund scheme.

It is usually started in Equity Mutual Fund. There are many people who deposit money in the bank so that they continue to get good interest, while some people get a fixed deposit.

But SIP is an excellent way by which you can earn good money by investing a little money every month. We can say that SIP is a smart way to invest in MUTUAL FUND.

Investment through SIP has increased significantly in MUTUAL FUND over the past several years. The biggest reason for this is that it gives good returns.
Full form of SIP in Hindi

SIP stands for Systematic Investment Plan. If you understand in easy language, "Invest during a way". A certain amount of money is invested in it over a period of time.

Suppose you want to invest 1 lakh rupees, then you will not invest this amount together and deposit some amount every month through Sip Mathad. Like you can deposit 5 or 10,000 rupees every month.

When you invest one lakh rupees per month, you will be able to get a good amount after some time. With a small amount in a time interval, you can achieve your big goal.

Investing through SIP is a great option for jobbers.
Advantages of SIP

You can start a SIP with just Rs 500.
  • This is a good way to earn money.
  • Investors can stop investing at any time.
  • In this, investors get good returns.
  • Income tax exemption is also available on money invested in SIP.
  • Investing in a SIP is Safe and Easy.
  • Investors can also customize SIPs accordingly. Such as the amount of the investment, the date of the installation, etc.
  • Investors can increase or decrease the amount fixed by them.
  • After your GOAL is complete, you can cancel SIP at any time.
  • Investors get information about the stock market through the alert SIP, in which there is an option to invest more money in the event of weakness in the stock market.
If needed, investors can withdraw their money in between.There is an advantage of compounding in this. Like if you are investing in mutual funds for a long time and you earn returns and you also get returns on its returns.

How does SIP work?


Whenever you go to invest in a mutual fund, you are given a form to fill. Where you tick the SIP option after the information asked.

After this, you will also be given an auto-debit option. Which means that the money will be deducted from your account on a fixed date every month (as much as you want to invest).

What is SIP Investment?


Investments can be made in SIP Investment every day, every week, every month. That is, you are able to invest in it in a systematic way.

You can also start an SIP in Mutual Funds through advance check or online instruction. So how do you invest?

How to invest in SIP?

First of all, you should have some important documents.

  1. Pan Card
  2. Aadhar Card
  3. Address proof
  4. Check book
  5. Passport size photo

After this you have to process KYC. For which you provide important information like your name, date of birth, mobile number and address. This process is also done online.

As soon as your KYC process is complete, then you go to the official website of the fund house. (Where you want to invest)
Register your account

After this, you will be given to fill a form for your basic information.

  • Set user name and password.
  • Do fill the bank details.
  • Amount as much as you can every month
Your SIP will start 30-40 days after processing it.

How to make money with SIP?


As we have also told you above, SIP works on the principal of compounding. That is why it is considered a smart way to increase your income.

We will give you some tips that will benefit you in SIP.
  • Always invest in a multi-cap or 5 star rate fund house.
  • Seek advice from a good investment adviser before investing.
  • Try to do SIP through monthly.
  • Invest in a short time interval, but do it for a long time so that you get good returns. Do not withdraw money for at least 5-6 years.
  • Your money can be doubled in 5 years and you can get returns in 10 years.
If you are investing monthly, do not withdraw money even if the market crashes.
Start investing with less money.

Do you also want to have a good income through Sip, this is a good and easy way to earn money.

Friends, today we learned about SIP in detail. How can you make a lot of money by investing through SIP. This is a smart way through which you can invest and fulfill your goals, dreams.

Middle class families often face problems with savings. But according to the above mentioned in this article, you will be able to invest and earn money by investing.

Keep in mind that never fall under the influence of anyone and never invest in wrong schemes.