SIP (SYSTEMATIC INVESTMENT PLAN)
A systematic investment plan (SIP) is an investment vehicle offered by many mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly. Saving money habits will improve your quality of life will help you feel better and sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieving some of their dreams. Roxyment India Nidhi Limited has introduced a uniquely designed “Systematic Investment Plan” to inbuilt the habits of saving among people
- For an investment of ₹ 1000 per month:
- Interest rates are effective from Today.
- SIPs are a better wealth-creation tool as compared to recurring deposits.
- Investments through SIP offer advantages such as diversification, liquidity, and better returns*.
Calculation of Rs. 2,000/-*
| Tenure | Rate of Interest | Maturity | Loan Payable @18% |
|---|---|---|---|
| 12 Months | 10% | 25,028/- | After 6 Months 40% |
| 24 Months | 10.50% | 52,187/- | After 6 Months 50% |
| 36 Months | 11% | 81,858/- | After 6 Months 55% |
| 48 Months | 11.50% | 1,14,468/- | After 6 Months 60% |
| 60 Months | 12% | 1,50,544/- | After 6 Months 70% |
Recurring Deposit (on investment of Rs. 500/- per Month) *
Terms & Conditions
- A recurring account can be opened with minimum of Rs. 100 /- and further in multiple of Rs. 100/-.
- Interest will be calculated monthly via Quarterly compound interest.
- Defaulters will be charged at the rate of Rs. 2% per month per installment.
- The amount on maturity will be paid one month after the last installment has been paid or the date of payment whichever is later.
- LOAN FACILITY:
1. 12 months deposits scheme: Not available,
2. 24 months deposits scheme: After receipt of 12 installments 80% loan of
total deposit amount. - ROI on loan against deposits would be charged 7.5% higher than the applicable rate of
interest.