The advantages long-term SIP’s explained with the comparison to RD or one time investing. SIP helps have 1.50% more gains that one-time investment into equities for a period of 25 years. Against RD where an Rs. 1000 investment per month grows to 11.03 lakhs, SIP grows to 15.53 lakhs in 25 years. Where RD multiples the investment by 3.70 times, SIP’s multiply more than 5 times. SIP’s help creates long-term wealth with the minimum contribution.
Election euphoria made our benchmarks break into new territory. SENSEX moved past 40K and NIFTY crossed 12K for the first time. Though this happened intraday as BJP gets a clear number which brought clarity that aggressive reforms will continue. As the election news becomes a non-event very soon after...
Crude goes to $75, yet market not giving way to bearishness. Election uncertainties have cast their shadow on the market which is holding bullish bias.