Smart Wealth Creation and Regular Income :Baroda BNP Paribas Mutual Fund has launched Lakshya SIP for investors, which will help investors grow their wealth over time and generate regular income. Lakshya SIP is a combination of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP), designed to help investors achieve their financial goals. Besides, Lakshya SIP will also help investors in earning regular monthly income.
ICICI Prudential’s Multi Asset Fund made investment of Rs 1 lakh Rs 1 crore, got Rs 2.50 crore from monthly SIP of Rs 5000, 5 stars added in rating
SIP for 8, 10, 12 and 15 years
Investors through SIPs invest or save through monthly SIPs in any of the equity-oriented schemes offered by Baroda BNP Paribas Mutual Fund for different tenures of 8 years, 10 years, 12 years or 15 years. Can do. These schemes are carefully selected to provide high return potential over the long term.
Switch SIP funds to hybrid plans
At the end of the chosen SIP tenure, the funds generated are switched to any one of the 5 hybrid schemes of Baroda BNP Paribas Mutual Fund as per the investor’s choice, after which a pre-set Systematic Withdrawal Plan is initiated. Which is a regular source of monthly income.
Highest SIP Return: 10 funds with highest SIP return in 10 years, growing money at the rate of 23 to 27% per annum
Benefit from the power of compounding
Suresh Soni, CEO of Baroda BNP Paribas AMC, said that driven by strong demography and supportive policies, India is expected to remain the fastest growing major economy in the world. Indian equities provide a structural wealth creation opportunity. There are a large number of investors in the country who traditionally invest less in equities, although a welcome change is being seen in recent times. Now the trend of mutual funds is increasing among the investors because now the investors are understanding the importance of equity markets for rapid increase in their wealth. Lakshya SIP helps investors save systematically and take advantage of the power of compounding over the long term. We believe that such long-term investments will help both investors and the market become self-reliant.
SIP Leader: Scheme to make SIP of Rs 2500 Rs 4 crore, HDFC MF plan gave 355 times return to one time investors
SIP craze is increasing
Lakshya SIP has been launched at a time when India’s Rs 67.25 lakh crore mutual fund industry has seen an inflow of Rs 25,323 crore through SIP in October 2024, an increase of 49 per cent year-on-year. (Source: www.amfiindia.com)
Top up facility also
To further enhance the power of compounding, Lakshya SIP also offers a top-up SIP facility, through which investors can increase their investment from time to time. This allows investors to increase their SIP investments as their income level increases.
SIP Battle: HDFC Flexi Cap vs Parag Parikh Flexi Cap, who won the battle of SIP returns among the 2 largest funds
Suresh Soni said that at Baroda BNP Paribas Mutual Fund, we are completely focused on our strategy of ‘Together for More’. Lakshya SIP is another solution with our My Trigger Plan, designed to achieve high returns through savings.
