How FIT-SIP Works?

FIT-SIP is an innovative and intelligent investment strategy that works similar to a Systematic Investment Plan (SIP) in terms of a regular periodic investment but differs in the amount invested in each installment. Our algorithm will invest more when the markets are low and invest less when the markets are high. This helps in lowering the cost of entering the market in the long term, and consequently, the rate of return on the portfolio will likely be higher.

FIT-SIP is a smart algorithm driven product.

• You need to set your target that you wish to achieve and the desired returns on the investments.
• The algorithm will identify the tenure that helps you to achieve the desired target with the minimum possible investment.
• You can choose to achieve the target earlier. This will increase your investment amount each month.
• You have to identify the maximum amount that you can invest per month from the given range. This will help in value averaging the investment when markets are low, by investing higher amount and vice-versa.
• It will help with the selection of funds to choose from. These funds are the ones that have a proven track record of delivering desired returns.
• The algorithm will keep monitoring the performance and keep your investments aligned to the targeted returns.

1. The amount of investment will vary depending on the market/fund fluctuation.
2. The investment limit will be set by an investor. The amount deducted every month will be between Zero to the maximum amount you intend to invest. This will depend on the performance of the investment as compared to the target for the said period
3. This concept is of value averaging. It will help you reduce the buying average more than SIP.
4. It helps you achieve your target value at a defined time. The catch-up return is defined by the investor.

You can start with a minimum amount of 1,500 per month.

There is no lock-in period for the investments you make. You can withdraw your funds at any point of time. But, for investments less than 1 year you need to pay a short term capital gain tax of 15% on the profits and the exit load, as applicable.

FIT-SIP allows you to set the expected returns of up to 20%. The algorithms will work to adjust the investment amount each month to align with the investment performance and achieve the desired returns.

SIP averages your cost over a period of time by investing the same amount each month. FIT-SIP does this ever smartly by investing higher amount with the markets are low and lower amount when the markets are high. This creates more efficiency in the investments and it further reduces the average cost and delivers better returns as compared to normal SIP in the same fund.

The maximum amount is decided by you in the process of setting up an FIT-SIP. The range of the monthly investment will be anywhere from zero and up to maximum amount defined by you. The amount will be intimated to you in advance and the deduction of the same will happen through NACH mandate (new ECS) automatically through your bank account registered with us.

Tenure of your investment depends on the amount that you can invest each month and the target amount that you have to achieve. To chase a higher target you have to invest higher amount for a smaller duration. These calculations are done by the system and you can decide your tenure by the availability of the amount to achieve the target.

We will collect the NACH mandate (new ECS) from you for the maximum amount that you would prefer to set for the investment. The algorithm will define the amount to be debited and the same will happen from your bank automatically.

You can monitor the performance of your investment live on our portal. It will identify the growth of your investment and also help you understand the achievement status of the target defined by you. Your investments can be monitored through FIT-SIP portfolio page and alternately it can be seen on My Investment section on our platform.

If there is any installment that you miss, the structure of FIT-SIP stops. The investments that you have done so far will continue in your portfolio and you can redeem them at your will.

The investments will be open ended and you can treat it as any other investment in your portfolio.

No. The selection of the fund once done will continue throughout the tenure. Our research team will advise you if the fund is not performing and there is a change required. In such case, the FIT-SIP will continue with a new fund.

The funds recommended for this is based on the qualitative selection by our research team. These funds have a proven track of delivering consistent returns for 5 years. We also take a forward-looking approach where the expected rate of returns (ERR) are seen to deliver the desired returns.