Now your clients can name their investments. Principal Mutual Fund has introduced a new facility called ‘Super SIP’ through which investors can give a name to their SIPs. This name would appear in their account statement.
For instance, if your client is initiating an SIP for his holiday trip, he may name it as ‘Zindagi naa milegi doobara’ or ‘Roam the world’’.
The fund house has launched this facility at the first Principal Conclave held yesterday in Mumbai.
Speaking about this facility, Gaurav Goyal, National Sales Head, Principal Mutual Fund believes that giving a name to an investment creates emotional attachment. “An investor could start an SIP for his daughter, ‘My angel’s wedding fund: Rs.20 lakh’. If he has invested Rs.1 lakh so far, the account statement will say, ‘You are Rs.19 lakh away to achieve your financial goal of My angel’s wedding. Such a message would discourage investors from redeeming and help them stay put for long term.’’
Another feature of the Super SIP is that your clients can invest in three funds of the fund house with a single application form and cheque.
Here are some of the features of Super SIP:
Once begun, Super SIPs will continue unless the investors choose to stop
Investors can choose any day to initiate SIP. Also, they can choose different dates for all three SIPs
They can top up their investments periodically
