Baroda BNP Paribas Mutual Fund has launched an innovative new investment product called Lakshya SIP, aiming to give investors the benefit of both Systematic Investment Plans (SIP) and Systematic Withdrawal Plans (SWP). This dual feature seeks to attract investors who are looking for disciplined long-term wealth accumulation while also ensuring a steady income stream, a combination that is expected to appeal particularly to those planning for specific life goals, such as retirement or children’s education.
The Lakshya SIP is designed to suit investors who want to benefit from regular investing through SIPs, which allows them to build wealth over time by contributing a fixed amount to the mutual fund at regular intervals. SIPs have long been popular among investors for their convenience, affordability, and potential for rupee cost averaging, which can help mitigate the impact of market volatility. However, many investors also seek a steady income during certain life stages, which is where the SWP option comes into play. By opting for SWP, investors can systematically withdraw a fixed amount from their investment at set intervals, creating a consistent cash flow that can be used as needed for recurring expenses.
This new plan from Baroda BNP Paribas Mutual Fund provides significant flexibility for investors, as it allows them to adjust the frequency and amount of SWP withdrawals according to their requirements. The dual feature is particularly beneficial for those in retirement who may prefer to keep a portion of their wealth invested while withdrawing a portion for their monthly expenses. Additionally, Lakshya SIP is structured to be beneficial for those planning major future expenses, such as a child’s higher education, where the SIP portion helps accumulate funds, and the SWP option enables phased withdrawals at later stages.
Through the Lakshya SIP, Baroda BNP Paribas Mutual Fund aims to address the growing demand for investment options that not only encourage disciplined savings but also offer flexibility and reliable income during different life phases. This approach also reflects the mutual fund’s commitment to enhancing investor choice, adapting to the changing financial goals of investors, and responding to market demand for products that offer both wealth creation and income security.
With these flexible SIP and SWP features, investors in Lakshya SIP can approach their financial goals with a greater sense of control and security. The product’s launch aligns with Baroda BNP Paribas Mutual Fund’s goal to provide options that cater to both short-term needs and long-term aspirations, whether investors are focused on growing their wealth or generating a steady income.
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