SIPs allow you to earn money thanks to the power of capitalization. Investing a small amount of money for a longer time can bring good benefits. By investing a small amount at regular intervals, you can create a large corpus and meet your long-term financial goals. Even people with limited cash can invest in mutual funds through the SIP and take advantage of the benefits of such investments.
The scheme works through a simple process of regular investments. The 15*15*15 rule can help an investor generate wealth through capitalization. It suggests that if you invest an amount of $15,000 a month through SIP in a fund that offers a 15% return for 15 years, you can generate income of up to 1 Cr. You can read more about the magic of capitalization here.
The SIP in stocks helps create strong finances and increase wealth. Keep the habit of investing for a long time, because only then can you get good profits. Make sure you do proper research before starting your SIP investment and open an online Demat account with a trusted broker. You can also read about these 5 benefits of investing in SIP before you start investing.
