SIP Systematic Investment Plan was already famous and proven in Mutual Fund context but now SIP has also come directly into Equity Stocks which is essentially Individual Stocks.
Equity SIP is a new facility through which you can buy a script for a regular interval over a period of time for specified amount or for a specified quantity.
Amount based Equity SIP
Amount based Equity SIP is a SIP type wherein a fixed amount (or approximately the same) is invested in your desired scrip at each frequency
Quantity based Equity SIP
Quantity based Equity SIP is a SIP type wherein a fixed quantity of shares of your desired scrip is purchased at each frequency.
Currently few online brokers are providing this facility on select stocks. ICICI Direct is one of them.
Benefits of investing in Equity SIP are
- It is a disciplined investments approach
- Accumulates wealth by investing smalls sums regularly
- Spreads and averages your cost of purchase (by buying in both ups and downs)
- Removes the risk of timing the market
- Reduces the risk of market volatility
5 comments:
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Mathew) and a Saving Money guru.
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