November 10, 2024

Discipline has to be maintained if you want to collect huge amount for the future.


Mumbai: You want to deposit some amount for the future. So investment discipline is an essential thing. If you do not take it seriously then your investment program can get derailed. If you are investing for any goal, then you are better off tying the knot.

maintain discipline for a long time
The famous philosopher Friedrich Nietzsche once said, “Freedom is the will to be responsible for oneself”. This sentiment remains relevant today and easily connects with investment habits. Investing is a by-product of being responsible to yourself. Realizing this helps inculcate discipline in your investments. However, often investors are unable to demonstrate a long-term disciplined approach to their investments, says mutual fund distributor Vaibhav Ankush Rane. As a result, neither do they create wealth nor do they achieve financial independence.

SIP is the ideal tool
Systematic Investment Plan or SIP has emerged as an ideal tool for long-term wealth creation as a synonym for disciplined investing over the decades. Rane points out that ICICI Prudential MF has added a booster feature in SIP called ICICI Prudential Freedom SIP. It is an excellent investment facility to achieve financial freedom. Freedom SIP not only ensures the discipline of SIP but also adds a disciplined approach when it comes to withdrawal through SWP.

The longer the term, the higher the amount
SIP essentially works in three parts – grow your money during the SIP tenure in a source plan, switch to the target plan after the tenure and finally the investors benefit in the form of monthly income through SWP with multiplier effect Let it be received If the SIP amount is Rs 10,000 for 10 years, then the withdrawal will be 1.5 times the SIP amount, which translates to Rs 15,000. Similarly, for periods of 15, 20, 25 and 30 years the multiplier would be 3 times, 5 times, 8 times and 12 times respectively.

Powerful source of second income
Investing through Freedom SIP can open up a powerful source of second income. You have the option of choosing when you want to retire, and also decide the amount you will need from your second income. Depending on your future plans, you can choose a systematic withdrawal plan amount and link it to your Freedom SIP.



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