Std 6 to 8 HINDI MATERIAL USEFULLY FOR TEACHER'S
SBI mutual funds are well known. They have implemented many innovative ideas to increase the customer strength and confidence. SBI SIP mutual fund is one of them. This plan has reached people well. In general, systematic investment plan is a creative plan which has two advantages. It helps to increase the number of fund holders. Another gain is the increase in fund investment. As the customers strength increase, the investment money also increases. These two advantages leads to business expansion. In SBI SIP plan, fund investment can be paid in monthly installments. This scheme is of great help to middle class people and rural people.
Different Plans:
SBI has introduced top SIP plans in India. Some of them are listed below here.
• Magnum Taxgain
• Chota SIP plan
• Magnum Equity
Peoples need always differ. So, many plans are being introduced to satisfy the varying requirements. There are two choices in mutual funds. The choices are equity and debit. People pay taxes. SBI magnum sip plans have tax gain scheme in it. It allows tax exemption below a particular amount. Chota plan enables rural people to invest in funds. Monthly investment is very low in range of 100 to 500 rupees.
Maximum profit from SIP:
Systematic investment plan has numerous benefits. Some of them are listed below.
• Rupee cost averaging
• Low monthly payments
• High return percentage
Since money is invested over a long time, shares are acquired at low cost. Compared to other plans, this systematic investment plan has high return percentage.
Std 6 to 8 HINDI MATERIAL USEFULLY FOR TEACHER'S
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