How Long Will My Savings Last With Systematic Withdrawals – Investment Management Plan or SIP is a method of investing in mutual funds where the investor chooses a mutual fund scheme and invests a certain amount of his choice at certain intervals.
SIP investment plan is about investing small amounts over time as opposed to investing large sums that generate high returns.
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How Long Will My Savings Last With Systematic Withdrawals
When you apply for one or more SIP plans, the amount will be automatically withdrawn from your bank account and invested in your purchased funds at a predetermined time.
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At the end of the day, you will be allotted mutual fund shares based on the NAV of the mutual fund.
With every investment in a SIP plan in India, additional shares are added to your account based on the market rate. With each investment, the amount recovered is high, so is the return on this investment.
It is up to the investor to get the returns at the end of the SIP term or at certain intervals.
Let’s say you want to invest in a mutual fund and you have set aside 1 Lakh rupees to invest in it. Now there are two ways to make this investment.
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You can make a lump sum payment of Rs 1 lakh in a mutual fund, also known as a mutual fund. Or you can choose to invest through Systematic Investment Plan or SIP.
You have to start SIP with a certain amount. Let’s say Rs.500. After that, Rs 500 will be withdrawn from your account and automatically deposited in the mutual fund you want to invest in every month on the specified date. This will continue until the time comes.
SIP investments can be started at any time which ensures minimal risk with the right plan suitable for the investor.
It is very important for an investor to choose a project that suits his long-term goals. Therefore, there is no ideal time when an investor should start a SIP investment plan, the earlier the better.
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Adding a SIP gives you the opportunity to increase the investment amount on a regular basis, allowing you to invest more when you have more cash or cash available to invest.
This also helps to get the maximum benefit of the investment by investing in the best and best performing mutual funds.
As the name suggests, a variable SIP plan offers flexibility based on the amount you want to invest. An investor can increase or decrease the amount to be invested based on their needs or cash flow preferences.
A perpetual SIP plan allows you to continue investing without expiry.
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Generally SIP has a maturity date after 1 year, 3 years or 5 years of investment. Therefore, the investor can choose the amount invested whenever he wants or according to his financial goals.
SIP may be the best investment option for you if you don’t have good financial knowledge about how the market moves.
You don’t need to spend time analyzing market movements or the right time to invest.
With SIP, when money is automatically withdrawn from your account and deposited into your funds, you can sit back and relax. Moreover, unlike one-time investments, it ensures that you are actively working to grow your investment over time.
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With SIP, as your investment always, over the long term, costs more in rupees, you can take advantage of market fluctuations. The fixed amount you invest in SIP is the average value of each unit.
So you can buy more units when the market is low and buy fewer units when the market is high, lowering the average price per unit. unit.
Automation ensures that your investment grows instead of a large sum where you may forget to invest one day. The small amount you invest every day grows into a huge corpus which is paid as the sum of your contribution and compounded returns over the years.
Let’s look at the expected returns using a SIP calculator to see how much your money will grow in 20 years if you invest Rs 1000 per month taking a compound interest of 10%. The total goes up to Rs 7,18,259 due to the compounding effect.
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As mentioned earlier, with SIP, you can relax with your investment. You can direct debit or send checks after the SIP start date by simply submitting the application form.
Depending on how much you want your final amount to be, you can choose a suitable amount to start your SIP with.
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In Part 1, we calculate the VAR for the Nasdaq 100 (ticker: QQQ) and conclude that the VAR answers a three-part question: “What is the worst possible loss that I can expect over a period of time automatically “What did you say?”
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Since time is different, different numbers can specify different times – there is no “correct” time. For example, commercial banks often calculate daily VARs and ask themselves how much they can lose in a day; On the other hand, pension funds usually calculate a monthly VAR.
To summarize, let’s go back to our three VAR calculations in Part 1 using three different methods for the same “QQQ” investment:
* We don’t need the standard deviation for the historical method (because it just sorts the returns from low to high) or for the Monte Carlo simulation (because it gives us the final results). Photo by Sabrina Jiang © 2021
Because of time variability, VAR users need to know how to convert from one period to another, and they can do so by relying on an old financial concept: the standard deviation of stock returns tend to increase over time. . If the standard deviation of daily returns is 2.64% and there are 20 trading days in a month (T = 20), the monthly standard deviation is represented as:
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σ Monthly ≅ σ Daily × T ≅ 2.64% × 20 sigma_} cong sigma_} times sqrt cong 2.64% times sqrt σ Monthly ≅ σ Daily 6 ≅ % × 2 0
To “measure” the daily deviation from the monthly standard deviation, we do not multiply it by 20, but by the “square root” of 20. Similarly, if we want to measure the standard deviation a daily to annual deviation, we multiply the daily standard deviation. deviate by the square root of 250 (assuming 250 business days per year). If we were to calculate the monthly standard deviation (which would be done using monthly returns), we could convert the annual standard deviation by multiplying the monthly standard deviation by a month in 12 squares.
The historical and Monte Carlo simulation methods have their supporters, but the historical method requires clear historical data and the Monte Carlo simulation method is complex. The simplest method is variance-covariance.
Now let’s apply these formulas to QQQ. Note that the daily deviation of QQQ from the beginning is 2.64%. However, we want to calculate the monthly VAR, and if we take 20 trading days per month, we multiply by the root of 20:
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* Important tip: These worst losses (-19.5% and -27.5%) are losses below the expected or average profit. In this case, we simplify by assuming that the daily expected return is zero. We are limited, so the worst possible loss is a total loss.
So with the variance-covariance method we can say
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