What is SIP Exactly??? Many people use wrong terminology of investment or always confuse about different terms of investment. Some people make fool to people those don't know exactly what is the meaning of SIP. In investment terminology SIP stands for "Systematic Investment Plan" means Invest in any plan systematically, the frequency of systematic investment can be monthly or quarterly or half yearly or yearly if you are investing for a long period of time. SIP is very effecting while investing in Market linked saving schemes like Mutual Funds and Unit Linked Insurance Plans (ULIP). Systematic investment in market linked plans help investor to average loss and gain more profit during up and downs of market. Many people think that SIP is only possible in Mutual funds but this is completely wrong. The Concept of SIP can be used to purchase GOLD, to accumulate money using concept of Bank 's Recurring deposit (RD) scheme. ...
If you are a earning person and planning for your tax saving then it is always advisable to choose instrument that would not only save tax but also provide long term good returns in terms of protection and saving also to fulfill your future goals. All available instruments can be classified into two categories, first category is traditional instrument and second category is Share market linked instrument. When we say instruments are Market linked means return of each instrument is depend upon performance of share market and Investor should understand the risk of investment in market linked instruments, therefore Market linked instruments can not be used as a short term investment, one should use these for long term to get good returns. The different tax saving Market linked investments options available are, 1) Mutual Fund (Equity Linked Saving Scheme) Different types of mutual funds are available in market, each one can not save tax on investment, Investment in special typ...