Tuesday, March 22, 2011

SIP.............SLEEP IN PEACE

What does SLEEP IN PEACE mean?
 
SLEEP IN PEACE (SIP) is a regular savings cum investment plan that helps you make little planned savings every month. All so that you can have peace of mind.

How does SLEEP IN PEACE help you?
  • By making you save every month, it inculcates a sense of discipline
  • Helps you capitalise on the power of compounding
  • Helps prevent sentiment-driven market investments. By ensuring that you invest every month, month after month, it helps you buy at the "average price" and eliminates the risk of buying only at high prices
  • Regular savings help prepare you for planned & unplanned expenses
  • Offers convenience - by filling one form, you can invest every month

How does SLEEP IN PEACE help build wealth?
 
The table below illustrates how regular investments of Rs 4,500 per month using SLEEP IN PEACE can result in a corpus of more than Rs 34 lakhs* in 20 years. This is assuming a moderate growth rate of 10% CAGR over the 20 year time period. SIP as an investment method uses the power of compounding effectively to build wealth.

Illustrative Example:
Year
Amount (In Rs. Lacs)
1
0.57
2
1.20
3
1.90
4
2.66
5
3.51
6
4.45
7  
5.48
8
6.63
9
7.89
10
9.29
Year
Amount (In Rs. Lacs)
11
10.83
12
12.54
13
14.42
14
16.50
15
18.80
16
21.34
17
24.15
18
27.25
19
30.67
20
34.45*

*Assuming that investments are made at the beginning of each month. Monthly investment of Rs 4,500 assuming 10% CAGR; Average return for last 15 years on BSE Sensex is approx 17% (Source MFIE, as on 31 March 2010). All figures cited in the illustration are notional.


How can one SLEEP IN PEACE?
  • To know how to Sleep in Peace, you can get in touch with us 
  • Based on your needs and your risk appetite, We will help you choose the right product and will guide you through the application process
~
Source : axisbank

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