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WHAT IS IDLC SIP?


IDLC Systematic Investment Plan (IDLC SIP) is a simple, convenient and disciplined way to make investment to fulfill your life goals. Through IDLC SIP, you can invest a fixed amount of money every month for a specific time period in a suitable mutual fund available for you. IDLC SIP also gives the opportunity to ensure that your financial goal is achieved even at your absence, through life insurance coverage at a very low premium (non-refundable).

IDLC SIP also gives the opputunity to ensure that your financial goal is achieved even at your absence, through life insurance coverage at a very low premium (non-refundable).

INVESTMENT PROCESS

You can open IDLC SIP account anytime with IDLC Asset management Limited by submitting the required documents along with the IDLC SIP form.Just decide on the following four options and design your IDLC SIP to achieve your financial goals:


Monthly Investment Amount
Minimum installment start from only BDT 3,000 for individual and 10,000 for institution
Investment Horizon
Invest for three years or more
Preferred IDLC Mutual Fund
Chose the most suitable IDLC Mutual Fund based on your risk-return preference
Life-Insurance option
Chose the life insurance option to secure your financial goal even at your absence

On the maturity of the IDLC SIP tenure, you can fully liquidate your investments by selling the units to IDLC AML at the prevailing surrender price. However, IDLC SIP gives you the flexibility to withdraw your investment anytime, fully or partially, without any penalty or charge.

BENEFITS OF IDLC SIP

TAX SAVINGS


Whether you make one-time or regular (IDLC SIP) investment in IDLC Mutual Funds, you can avail tax rebaate on the full investment at the end of the fiscal year and thus implicitly amplify the retun of your investment   Find out below how much tax you can save through investment in IDLC Mutual Funds:




SECURING YOUR LIFE GOALS EVEN AT YOUR ABSENCE


An individual’s total wealth is composed of both human capital (HC) and financial capital (FC). HC is the present value of the expected future salary, business profits etc. On the other hand, FC is the sum of all other assets that investor possess e.g. stocks, bonds, home, car etc.

Generally, at the early stage of career, HC is at peak as the person is expected to earn for a longer time in future, while the financial capital is at the lowest point. As career progresses, people build up their FC by saving and investing part of their HC (see figure below)

 

 

 


IDLC SIP gives you the opportunity to build your target FC through investing part of your income regularly with the additional feature of life insurance to ensure that your target FC is created even at your sudden death or permanent disability. You can avail life insurance coverage of an equivalent amount of your total investment in IDLC SIP, up to a maximum of BDT 5,000,000.0 (Fifty lakhs Taka).

According to your total investment in IDLC SIP, find out the total life insurance coverage and required premium below: (excel sheet: Insurance Premium Calculation)



Flexibility


IDLC SIP gives you the flexibility to withdraw your investment anytime, fully or partially, without any penalty or charge. So, you can always fulfill your emergency financial needs anytime through IDLC SIP.



DEFY MARKET VOLATILITY


Volatility is an inherent characteristics of market. Investors are always in a fix in identifying the right time to invest. Practically, it is extremely difficult to identify the peak and bottom of the market and act accordingly, which requires extensive research and time.

IDLC SIP resolves this dilemma by periodically investing your funds across the market cycles, thus freeing you from the worries of market movements.



POWER OF COMPOUNDING


When you start investing early and for a longer period, you get the benefit of compounding. The illustration below shows how you can accumulate greater wealth by starting investing early even with a small amount.



Disclaimer: The above example is only for illustration purposes & shall not be construed as indicative yields

HABIT OF INVESTING


Through IDLC SIP you can invest a fixed amount of money every month for a specified time period. Thus, the nature of the product helps you develop a habit of investing.

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