Systematic Investment Plans (SIPs) have become a popular investment process for those who want to maximise their wealth in a disciplined manner. Gone are the days when people had to go through numerous steps and lengthy paperwork, which was time-consuming. Fortunately, SIP online apps have made the whole process convenient and seamless. 

 

While SIPs are associated with first-time investors, with the implementation of advanced strategies, anyone can achieve high returns and maximise their long-term gains. This article explores SIPs more, why you should choose an app and some effective strategies to help you make the most of your investments.

Understanding SIPs

SIPs, or Systematic Investment Plans, are a disciplined approach to investing in mutual funds and earning returns gradually. They enable investors to invest their money regularly in a mutual fund scheme and take advantage of rupee-cost averaging and compounding. 

Advanced SIP Strategies to Maximise Returns

Let’s explore some of the advanced strategies that can get you high SIP returns: 

 

• Follow the 8-4-3 Rule: This rule is considered one of the strategic concepts for staying consistent with your SIP payments. It suggests that your investments will grow steadily for the first 8 years, accelerate in the next 4 years, and experience high returns in the final 3 years. The key is consistency, as your money will grow gradually, and returns will be compounded.

 

• Diversify Your Portfolio: To reduce risk and earn higher returns, avoid putting all your money in one security. Instead, divide the funds and invest in different asset classes. Remember to invest in the best SIP plans according to your risk tolerance and financial goals.

 

• Consider Long-Term Investments: SIP works best when invested for a longer period of time. Don’t get too emotional, and avoid withdrawing the funds due to market conditions. 

 

• Regularly Review Your Portfolio: Keep track of your portfolio and check if your investments perfectly align with your financial goals. You can even make adjustments to your investments if needed.

 

• Start Early and Be Consistent: Start as early as possible to take advantage of the compounding effect. Regularly invest a fixed sum to earn high returns over time.

Why Use SIP Apps for Strategies?

Here’s why every investor must use an SIP online app:

 

• Portfolio Tracking: The apps allow users to track their portfolio at any time and make adjustments whenever needed.

 

• Goal Planning: The apps help to align your SIPs with your financial goals, making the process seamless and convenient.

 

• Convenience: The apps automate the whole process and deduct the SIP amount from the users’ bank accounts without delaying anything.

 

• Alerts and Notifications: Digital platforms keep investors updated about market trends and provide deep insights, helping them make the right decisions at the right time.

Tips to Maximise Your Returns

Follow the below tips to earn high SIP returns:

 

• The earlier you start investing, the more profitable it will be. 
• Stay patient and consistent about your SIP payments.
• Avoid pausing your SIPs in order to earn long-term benefits.
• Review your portfolio regularly and make adjustments when necessary.
• Diversification of investments is essential to minimise the risks associated with and earn high returns.

Final Thoughts

By adopting the above-mentioned SIP strategies and tips, you can potentially earn high returns and make the most of your investments. Trusted SIP online apps like Bajaj Finserv offer diverse investment options, are easy to use, and allow users to choose SIP tenures that align with their financial goals. Budget-conscious customers can even start with an amount as low as ₹100 on Bajaj Finserv. 

So what are you waiting for? Start your investment journey, stay informed, and be consistent to maximise your returns and seamlessly fulfil your goals.