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.
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. 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.
Suresh Soni, CEO, Baroda BNP Paribas AMC, said India is expected to remain the fastest growing major economy in the world, driven by strong demography and supportive policies. Indian equities provide a structural wealth creation opportunity. There are a large number of investors in the country who have traditionally invested less in equities, although a welcome change is being seen in recent times. Now the trend of mutual funds is increasing among investors as investors are now understanding the importance of equity markets for rapid growth of 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.
The launch of Lakshya SIP comes 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)
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.
Suresh Soni said that at Baroda BNP Paribas Mutual Fund, we are completely focused on our strategy of ‘Together for More’. Lakshya SIP with our My Trigger Plan is another solution designed to achieve high returns through savings.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.