What are the benefits of Crypto Investment Plan (CIP)?
Discipline: CIP instalments are made at regular intervals, i.e. weekly on a predetermined day. This disciplinary approach of regular investments is of big advantage to the investor as he/she doesn’t need to actively track the market.
Convenience: CIP is a hassle-free process as the amount is automatically debited from an individual’s account and invested in the scheme chosen by the investor. Since the money is automatically deducted from your account, you become more responsible with your money.
Flexibility: Investors can choose their preferred instalment starting with an amount as low as INR 100 and contribute weekly or even miss instalments due to financial or personal choices. And the CIP will continue as normal until investors themselves decide to discontinue it.
Rupee-Cost Averaging: CIP lowers market volatility risk in the long-term period. When the markets are high, you buy less quantity of your crypto assets through CIP. When the markets are down, you buy more quantity for the same amount. This enables you to average your investment cost over time.
Compounding: CIP instalments smartly enable wealth creation over the long-term period. Your earnings are reinvested and you benefit from the power of compounding.
No Lock In Period: You can continue your CIP instalments for as long as you like and cancel anytime as per your convenience.