Related to mutual fund company, SBI has launched thorough invest plans and plans for investments. SBI Drink Plans are mostly focussed on the goal towards middle monetary category sections who feel large investment would burden them financially.
SBI Sip common fund schemes are mostly classified based on the nature of investments by the bank, sectoral opportunities as well as risk factors involved. Hence before choosing a specific scheme, it is highly recommended that you read detailed information on all the available schemes. SIP NAV (Net Asset Value) values could aid you in your decision. sbi net banking
SBI SIP common fund – schemes
To state a few illustrations, Magnum Equity, Magnum Taxgain and Chota SIP are some popular plans.
Magnum Equity is where the bank would invest mostly on blue chip stocks and options. Hence customers are promised of regular returns. That they are literally risk free. However they might not get you very high returns much like other high-risk plans.
Magnum TaxGain is aimed at working group looking for tax benefits through investments. Buying this scheme could get you a tax exemption as applicable for investments below 1 lakh Rupees. This kind of in addition to a generally risk free investment like the previous structure discussed.
While the above two schemes give attention to middle section class working population, Boca SIP focusses on lower income groups. Monthly investment required is as low as 500 rupees. In addition to these schemes there are in least ten other strategies with different features.
Up coming Step – How You Should Choose Your DRINK?
Comparing between different DRINK plans for the potential risks, investment sectors and returns using information from latest websites will help you in your task.