The " Systematic Investment Plan " :: A " HEALTHY - LIFE- ENHANCING- MEDICINE " for the Senior Citizens and who live by pittance
One of the BEST
investment for a very short time of a period which fetches as good as THREE
times the return is none other than the SYSTEMATIC INVESTMENT PLAN which is
also known as the ( SIP) plan of investment and that really is a MIGIC-WAND for
those who are retired and have a very little amount with them to spend their
retirement life to invest upon .
" INFACT THIS IS ALL ABOUT THE "MUTUAL FUND " PLAN AND PROGRAMME OF THE ICICI BANK BUT I'M USING THE WORD SIP FOR THE SAME FOR SOME OBVIOUS REASON AND THE ENTIRE ARTICLE DESCRIBES ABOUT THE SAME " .
What is the Systematic Investment Plan
Systematic
Investment Plan (SIP) is a method of investing in mutual funds wherein an investor chooses
a mutual fund scheme and invests a the fixed amount of his choice at fixed
intervals. SIP investment plan is about investing a small amount over time rather
than investing one-time huge amount resulting in a higher return.
Point to remember ::
REMEMBER-
this is a kind of a SHARE type of an investment and the market is at times very
upheal, at times UPHEAVELS and at time VOLATILE. It is always better and
advisable to invest a small amount say Rs 2,00,000=00 to Rs 3, 00, 000=00 ie Rupees
TWO LAKHS to Rupees THREE LAKHS at
the most, and best of the most.
Invest this amount in a REPUTED BANK and I would say that the ICICI BANK in this matter is the
best as I have a GOOD experience towards it.
Once
fixed the ICICI Bank would deduct some money which they call it a PENALTY at
the end when one redeems this amount. It could be anything between Rs
25,000=00 at the most to about something which could be even Rs 15,000=00 but
at this present point of time it is Rs
25,000=00. To avoid this it would be better to oipen a FIX DEPOSIT of Rs 25,000=00 with
the ICICI Bank on an AUTO-RENEWAL process. This would take care of the same,
and the last deduction which they call it as a PENALTY deduction will never be deducted then.
The “ FIRST-TIME ” clearance while opening thisAccount
While
opening this account specially those who are SENIOR CITIZEN and who are living on the terminal benefits,
it is mandatory for them to write in a piece of paper an understanding that AS THEY ARE RETIRED AND HAVE NO OTHER
SOURCE OF EXTRA INCOME AND THEY TOTALLY DEPEND ON THE TERMINAL BENEFIT WHICH IS
TOO MEAGRE AN AMOUNT, THEY WILL NOT PAY ANY
“ RECURRING DEPOSIT ” once they open their account after
dep[ositing the amount for this scheme..
This is
a PRE-MANDATORY requirement and this makes the process very clear and it
dissolves all the ambiguity for everything.This saves a LOT of HASELLS thereafter.
I say
it so with my experience because after opening this account after a month,
phones after phones would ome from the Bank to pay an amount of Rs 3,000=00 per
month till you keep this plan in the pieline or in the process.The FIXED
DEPOSIT of Rs 25,000=00 and it’s TALE
will save the skin from being BURNT
more.
What Kind Of A Plan One Should Opt For
Go in
for a plan for a LOW RISK and a HIGH RETURN if possible or a LOW
RISK and RETURNS as accordingly.
This is
PRE-MANDATORY and a pre-
requisite to the terms making it very clear for the bankers all about the same
while opening this account and this will save
from various iginomy.
How does SIP work?
Once you apply for one or more SIP plans, the
amount is automatically debited from your bank account and invested in the
mutual funds you have purchased at the predetermined time interval. At the end
of the day, you will be allocated the units of mutual funds depending on the
NAV ( National Asset Value ) of a mutual
fund.
With every investment in a SIP plan in India, additional units are added to your account
depending on the market rate. With every investment, the amount being
reinvested is larger and so is the return on those investments.
Pic :: Calculation of the " SIP" Per Month
It is at the discretion of the investor to receive the
returns at the end of the SIP’s tenure or at a periodic interval.
Let us understand with an example.
Suppose you want to invest in a mutual fund and
you have set aside a sum of 1 Lakh Rupees to invest in the same
Now there are two ways in
which you can make this investment. Either you can make a one-time payment of
Rs 1 Lakh in the mutual fund, also known as lump sum investment. Or you can choose to invest via a
Systematic Investment Plan or SIP.
You need to start an SIP of a set
amount. Say Rs 500. Then Rs 500 will be deducted from your account and
auto-credited to the mutual fund you want to invest in, at a certain fixed date
every month. This will continue till the time period
When to invest in a SIP?
SIP investments can be started
anytime ensuring minimum risk with the correct suitable scheme plan for the
investor. It is very important for the investor to choose the scheme which
suits his long-term goals well. Hence, there is no suitable time frame within
which an investor should start a SIP
investment plan, the sooner
the better. It is always better to keep a EVRY DAY track record of the
same and the mechanism of how to track it would be told to you by the Banker
when they DOWNLOAD the same which gives you an added advantage of knowing and
reading the amount accredited in the account everyday. This downloading ought
to be mandatorily done on the cell phone with the help of the Banker who would
help you in this matter.
Good Scheme But It
requires the GOVERNMENT INTEFIERENCE for better result
No doubt it is again a very good scheme floated
by the Bank and the ICICI infact is doing a very good job in it. It ensure a
very good return as good as THREE TIMES the amount deposited in the terms of
the returns. If you invest say Rs 2,00,000=00 and if the performance goes well
which generally the ICICI Bank does it well, after a period or a gap of say
seven months you would be really delighted to see that you get a RETURN of about Rs Five lakhs
at the most.
However since it is a
SHARE kind of an investment the returns could also vary and be very low if the
market is too weak or bad and in that case the returns would not be that good
as expected.
The Most Important Element Which Keeps It
Going ::
The MOST important
thing that one has to visualize and understand is that one has to KEEP an
ICEBERG kind of a MIND and believe on his FAITH
and the FAITH of the BANKER
as they are the one who work there in the field to keep the momentum UP-AND-GOING-HIGH and they
generally keep the momentum high . That is there to be believed upon and to
maintain the faith in oneself . THERE
IS AN ELEMENT OF RISK INVOLVED and hence the FAITH in oneself is the
ONLY solution .That is all.
ONE
NEEDS TO BE VERY CONFIDENT IN HIMSELF AND READ THE MARKET BEFORE INVESTING .
How Can The Government Aid In Making This A
Grand Success
A ). Every time the money is deposited in the SIP schemes the intimation ought
to be send to the investor in his e-mail
and in his cell phone number
by the Bank where he has deposited the amount and by the NSDAL in his address.
B ) . Every 15 days the NSDL should send a statement to the respective investor
in their address of residence stating the actual position of the amount that
has either grown up and fallen
C ). After the initial investment has doubled say a sum of Rs 1,00,000=00
invested doubles to Rs 2.00.000=00 then the notice should reach FAST to the investor both by the
SMS, the e-mail and by the letter through the NSDL in that month itself so that
the investor gets the information appropriately and properly to take away the
money or to give his consent to reinvest the entire amount, or a part of the
same as he may feel alike, according to his wish.
D ). If the investor wishes to draw his money once the initial investment has
doubled, then a minimum period of 60
days may be given to him after he receives his intimation about the
same from the letter of the NSDL
so that he goes to , or approaches , the
bank to present his letter of REDEEM
of the same to the Bank where he has invested his amount.
A period of 60 days is
necessary for the time of redemption and this ought to be made COMPULSORY by the Government , because at time the letter send by the NSDL is
late by a month or even two months and also at times the people who have
invested go out from their place on official duties etc to some other place for
a short or a long term project, and he is not available at the correct moment
to receive the information's to withdraw the amount in terms of redemption .This crushes
his attempt to get the money even if the circumstances are not within his limit
.
E ) . It is necessary that the NSDL send a SMS to the investor on his phone
number as well as a e-mail and then they shoot the letter very fast giving a 60
days of time from the date when the minitrial invested money is doubled so that
the investor draws his money.
F ). In this investment say if an investor invest his money for say two years
at the minimum and up to say four years as thr maximum then because of the
money that the bank as well as the Government makes out of the same, the
investor should be awarded a HOLDING
TIME PERIOD BONUS of Rs15,000=00 if he had re-rolled the money for over
TWO YEARS and Rs 25,000=00 if
he has ROLLED the MONEY for more than FOUR years. That will be an added incentive for the investors
H ). A Income tax rebates ought to be passed on to the investor for
this as well.I write this to address the Office
of the Prime Minister and the Office
of the Finance Minister for the same because there are PURPOSELY delay done by the NSDL
to send the letters to the investor in time and this is a PLOY at times, seen ,
between the respective Bankers and the NSDL which is DETRIMENTAL in many a case for the investor because they
find it very hard to withdraw the money for their own use.
It is also been observed by the investor that the bankers on many a time do not
want to pass the amount invested when it doubles to the investors PURPOSEFULLY because the money
saved in their bank and the total that is piled up helps them to get BANKING BRANCH RATING POINTS, the other points attached to these points etc for
their performance and the REARING performance related
promotion.
This is DETRIMENTAL because the investor is KILLED by this means by the bank as well as the Government
as the retired people and those who invest the money for the purpose of their social obligation and it’s use, as well as for
their own use like medical treatment etc gets jared and marred
and there has been many case where the marriage of their one’s because of the shortage of the funds, as well as the treatment medically has suffered
The Govt of the day has to be very serious for this directing the RBI, ie the RESERVE
BANK OF INDIA , the SEBI
ie (The Securities and Exchange Board of India ) and the
Chairman of the respective Banks stating that any complaint on this would be
viewed and taken seriously.
In this matter it is MANDATORY at ONCE in TWO months
the respective members of the Government headed by the Finance Minister, the
Chairman of the SEBI and the Chairman of the RBI with some important FINANCIAL DIGNITARIES all EXPERTS
sit for an overall all-round assessment of the performance of the same and a
clear information about the same may be collected by the Government and the
info’s passed on to the public as that will RESTORE and keep the CONFIDENCE
of the public HIGH as always.
Some of the private Banks
like the ICICI, the HDFC, the HSCB, the Kerala bank, the ANZ Grindlay purposely
play hese traunts wherein they purposely
hold the money even after the double or the treble redemption of the amount
invested by the investors, only to add to their BANK-RATING-POINTS, and there are many who have suffered
on this account
I request the Government of the day the Honorable Prime Minister and the
Finance Minister to talk and shoot the letters to the Chairman of these Banks,
on this matter and once in TWO months to hold an review of the same as ascribed and suggested.
. Regarding this matter of withdrawl of the money by REDEMPTION, it is mandatory for the Government to issues
direction to the RBI as well as to the SEBI, to direct the respective
banks to give a time period of 60 days ie TWO
MONTHS to redeem and withdraw the money from the bank from the back
date from and wherein the money was doubled at the bank.
Lastly the Government has to completely TIGHTEN
its grip by putting a NOOSE
in the NSDL and the SEBI for their
inefficiency in shooting the letters to the investors at the appropriate time This
is a MUST .
The Immediate Action That Ought To Be Taken FAST Now ::
A copy of this letter
ought to be send to the Securities and Exchange Board of
India (SEBI) in this regard and it ought to be send to the HIGHEST DIGNATARY of SEBI by the Finance Minister and
it is also requested to the Finance Minister to kindly keep on checking the
SEBI for bettering the performance of the SIP constantly along with the
Chairman of the Banks under the scrutinty and action of the R.B.I.
This actually is
ONE-OF-THE-BEST-SCHEME for investment for a SHORT TIME period and it definitely
acts as a “ SANJIVEENI ” ie A-LIFE-PROVIDING MEDICINE to those who are SENIOR CITIZEN and who are passing
off their days in a lot of difficulties.This really PROPS and TOPS
the earning for those who wish to GET
MORE with a fixed but a small or a limited income .
A VERY GOOD PLAN OF INVESTMENT THAT IT IS .
However before going in for the KILL . always make sure about the kind of the investment and the types of the category that are available, and what is their VIABILTY . Sit with the banker and know the entire details and then inch SURELY with confidence to open and invest in this system of investment which definitely adds many a value to the life as well as the DIME to the purse.
Pic :: Types And Category Of Systematic Investment Plans
A " LIGHT " PURSE IS A HEAVY CURSE ......
And this makes the purse " HEAVY " for sure.
The same investment
with either the same name or a different name are available in the Government
banks as well.It is for the people to know about the same and to put their BEST-FOOT forward.
Regards and Thanks
Pics
Shyamal Bhattacharjee
Mr Shyamal Bhattacharjee, the author was born at West
Chirimiri Colliery at District Surguja, Chattisgarh
on July 6th 1959 He received his early education at Carmel
Convent School Bishrampur and later at Christ Church Boys'
Higher Secondary School at Jabalpur. He later joined Hislop
College at Nagpur and completed his graduation in
Science and he also added a degree in B A thereafter.
He joined the HITAVADA, a leading dailies of Central
India at Nagpur as a Sub-Editor
( Sports ) but gave up to complete his MBA in 1984 He
thereafter added a Diploma In Export Management. He has
authored THREE books namely Notable Quotes and Noble
Thought published by Pustak Mahal in 2001 Indian Cricket :
Faces That Changed It published by Manas Publications in 2009
and Essential Of Office Management published by NBCA, Kolkatta in
2012. He has a experience of about 35 years in Marketing
Signature Of Shyamal Bhattacharjee
This website is controlled
and managed by OOK’S Technologies, by Mr Amook Vandan Yadav , Phone Number
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The fun in this is that the S. I. P. itself is not self explanatory nor does the promoters take the effort to make it simple and easy to understand as you have done it. Kudos for your effort to deal with this subject. 👌👏
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