LIC Mutual Fund is one of the best performing mutual fund companies in India. In order to make the investment process more easier, they have launched LIC systematic investment plans. This type of LIC SIP plans are considered to be the best sip investment plan in India as they are generating returns for the investors more consistently.
Before investing in LIC SIP Plans, there are some essential information that an investor has to know.
The investors can apply for Systematic investment plans for the existing schemes also. If they are a current investor in that particular scheme, then they can continue investing in the same scheme by SIP plan.
There are two types of options in the LIC systematic investment plan. You can make monthly payments or quarterly payments.
As you are making investments for a long time, more units would be purchased at a lower cost and less units would have been purchased at higher cost. Thus the average price at which the units are purchased would be much lower when compared to one time investments.
You can also pay the monthly or quarterly payments by using sip auto debit facility.
You have to fill the bank authorization form for applying for the SIP auto debit facility. Along with the form you have to submit a cancelled cheque duly signed by the investor. Once the bank receives the authorization form along with the cancelled cheque, they process the auto debit facility and send the payments monthly from the investors account.
Next Step: How to start Investing?
You should identify the best LIC SIP Plans available. The details are available in the leading websites.
Download the list of Best performing LIC SIP Plans
Click here to download the list of ——->> LIC SIP Plans [http://www.investmutualfunds.net/company-specific.php?lic_param=LIC-SIP-Plan].
InvestMutualFunds.net [http://www.investmutualfunds.net/] gives you more detailed information on Mutual Fund Investments.
Kamalkk Kannan