![]() ![]() A bank margin of 3% is charged on this incremental amount towards the ‘Pay-As-You-Go’ fee structure.The client may, however, upsize the monthly payment after the SIP commences.The client cannot reduce the monthly payment after the SIP commences.The fees charged are not refunded if the client suspends or cancels the SIP after it commences.The client is charged on a Pay-As-You-Go basis for each SIP chosen under this model.The term ‘Pay-As-You-Go’ applies at a plan-level. ![]() ![]() On each SIP amount, a bank margin of 3% will be debited towards the Pay-As-You-Go Fee.The bank margin of 3% is included in the SIP amount. Systematic Investment Plan or SIP as it is commonly known, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount.This is a recurring fee model and is effective as along as the monthly payments are made.Terms and Conditions of the Pay-As-You-Go Fee Plan This incremental amount is charged as a One-Time, Life Time Fee towards this incremental SIP.The may, however, upsize the monthly payment after the SIP commences.The client may not reduce the monthly payment after the SIP commences.This fee is not refunded if the client suspends or cancels the SIP after it commences.The client is charged a One-Time, Life Time fee for each SIP activated under this fee structure.The term ‘Lifetime’ applies at a plan-level and not at the account relationship level.On each SIP, the first payment will be debited towards the One-Time Fee, Lifetime Fee.The first payment is debited towards a One-Time, Lifetime Fee.Terms and Conditions of the One-Time, Lifetime Fee Plan SIP is usually recommended to retail investors who have a specific saving goal to achieve but do not have the resources to pursue the active investment route.SIP encourages disciplined investment, but is flexible in giving with the investors the chance to being able to stop investing in a plan anytime or in choosing to may choose to increase the investment amount.As the investor gets more units when the price is low and fewer units when the price is high, in the long run, the average cost per unit is supposed to be lower.We protect our investors against speculation in volatile markets through a dollar cost averaging strategy.Every time a sum is invested, more units are added to the investors account.The investor is allocated a number of units according to the current Net Asset value.A fixed amount of money is contributed by the investor every month and is invested in specified securities.The frequency of the investment is monthly.A systematic investment plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing you to invest small amounts periodically instead of large lump sum investments. ![]()
0 Comments
Leave a Reply. |