In keeping with the exchange's tradition of excellence and continuous
enhancement, we are proud to announce the introduction of SIP facility
on the exchange's Mutual Fund platform - BSE StAR MF w.e.f. Friday,
December 10, 2010.
Some information about the SIP facility is given below.
SIP stands for Systematic Investment Plan - Just as drops of water
make an ocean, small but regular investments can go a long way in
building wealth over time. This way an investor can make his investment
grow step by step. It is considered always prudent to invest in
small instalments but with a long term horizon in mind. Systematic
Investment Plan (SIP) helps you achieve just that. It is an investment
technique where you deposit as little as say, Rs. 500 regularly
every month into a selected mutual fund scheme at the then prevailing
NAV (Net Asset Value).
SIP is fast gaining currency amongst the investor community as an
investment vehicle because of its various advantages such as :