Page 100 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
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even more than the returns from PPF/NSC/ at your home and at your convenient time.
Sukanya Samruddhi/Bank FD, SIP investment Similarly, there two options for investment
in following funds has given annual returns as of which one is regular and other direct. In
shown below for the period of last 5 years both these options you can do the investment
offline as well online. When you are investing
Annualised in mutual fund for the 1st time you have to
Sr No Name of the fund
return% comply KYC norms, this one-time activity for
Nippon India Small subsequent investments KYC is not required.
1 28.25
Cap Fund KYC can be done online as well as offline. In
both these modes while investing in mutual
2 SBI Small Cap Fund 24.30
fund through SIP you need to select mutual
Mirae Asset Emerging fund and it’s scheme suitable to your risk
3 23.65
Blue-Chip fund appetite, then you need to decide convenient
date of ECS debit (in ECS form there 4-5 dates),
4 Kotak Small Cap Fund 29.00
also you have to submit ECS mandate having
details of your bank account such as Bank
5 Quant Tax Plan 24.80
Name & Branch, Account number, IFSC code,
Axis Blue Chip large MICR code etc. In offline mode you need to
6 18.50
cap enclose 1st cheque of investment amount, same
Canara Robeco Blue amount will be debited to your account and
7 18.08
chip fund will transferred to mutual fund scheme which
you have selected. Same will be continued till
8 Axis Mid-Cap Fund 21.13
you cancel ECS mandate. In online mode you
Parag Parikh will receive payment link from the mutual fund
9 21.51
Flexi-Cap Fund which you have selected on your mail id, you
have to make 1st payment on this link online
Mirae Asset Tax Saver
10 22.45 and there after it will be continued till you
Fund (ELSS)
cancel ECS mandate.
4) you become disciplined investor.
In direct plan expense ratio is lower than regular
5)SIP creates emergency fund: plan as such those who are having sufficient
knowledge of mutual fund should invest in
You can stop your SIPs at any time, and the
fund house has no say in this. Also, you can direct plan and will always get more value than
redeem your investment at any time (if there regular plan since payment made to agent/
distributor is recovered from your invested
is no lock-in period) partially or fully as per
requirement. amount as such NAV of regular plan is lower
than direct plan which makes considerable
How to invest in Mutual Fund through SIP: difference for long term investment.
You can start investment in mutual fund How to use SIP for Financial Planning
through SIP very easily. This can be done online
as well as offline whatever you find convenient. SIP is one of the best tools for financial planning
such as children education expenses planning,
However, in today’s era online mode is much
suitable option because you can do this sitting retirement planning, contingency planning.

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