ULTIMATE

GUIDE TO
DOING SIP IN
PAKISTAN
 What to expect
from this EBook?
Why do you need a plan / SIP?

What is a Systematic Investment Plan (SIP)?

What are the advantages (especially in

Pakistan’s context)

What are the Don’ts of SIP for investors in

Pakistan? And InvestKaar’s advice on each
one of those!

InvestKaar’s screening criteria for choosing

SIP stocks in Pakistan?

A careful look into stocks that we got through

our WhatsApp group!

Your options to start SIP in Pakistan

Everything in one page - Conclusion

 WHY - The important stuff first!
All of us need to save and we know that. For
those who don’t here is a quick reminder:
We are getting older,

Our peak work and salary years will soon be behind us,
We will be less relevant for the companies we work for,
As each day passes, we can save less because of high
inflation and increase in taxes
The government doesn’t have money to help us in our
bad years
When we need cash in an emergency and we don’t have
it saved, the banks will screw us with exorbitant loan
rates (as high as 40% per year – Rs40,000 on a mere
Rs100,000 loan)
We have so many big expenses lined up like marriage (if
you are young), new car, child’s education, children
marriage and taking care of our parents’ medical bills

That’s a known - But as soon as we decide to save, we are

bombarded with confusing ideas.

It’s like when we are thinking to buy our first car. So many
different variants and features and opinions to choose from.
The same goes for investing!

Depending on who you talk to, they will have different

advice!
 He will tell you that you should only invest
directly in the stock market and he will tell you
Stock the “best” stocks.
Broker: BUT
If he knew all the best trades, would he still be
a broker looking for your money?

He will sell insurance as a saving product

BUT
Insurance He will not to mention that he will get 40% of
Agent your premium as commissions and you will
not even recover your initial investments for
the first 5 years

If you meet a mutual fund guy, he will pitch

Mutual ONLY his funds to you
Fund BUT
Agent You don't know if they are good vs their
competition or not

Over YouTube you will know that the best

investment in the last 5 years has been in the
Online crypto
Advice BUT
It will never tell how many coins have gone
burst and people have lost all of their money
In a nutshell, there is a plethora of investment advice
and honestly, most are not for retail investors. They
require too much time and a finance background which
most of us don’t have!

So let us make it easier for you!

In your lifetime, you will just need to save and invest for
three goals:
Your lifestyle goals (like marriage or children
education, or a new car or a new house)
Your difficult times like emergency expenses (family
hospitalizations, job loss, etc.) and
For your old age expenses
You want to make just enough with the least risk so that
you can cover up for all three needs!

SIP is nothing but an extremely simple way to invest for

your goals.

It’s simple because you invest in small chunks – hence

your risk (when you put all money in something and it
comes down) goes down massively

It frees up your time so that you can focus more on

other important stuff like excelling in your job,
increasing your income, spend more time with your
loved ones.
 What is a Systematic
Investment Plan (SIP)?

As the name suggests, a systematic investment plan is a

way to save and invest in a proper/systematic manner.

Investors will make regular, equal payments into their

choice of vehicles like a mutual fund, stock market, or a
retirement fund (VPS). Usually, the preferred mode of
investment is the stock market - global data shows that
stocks outperform all the other asset classes (investment
avenues) in the long run.

Bottom line is, no matter what happens, you will have to

put aside some money for investment either monthly,
quarterly, or annually. Consider it more like mortgage
payments to banks – you can’t skip it!
 What are the advantages?

Automatic Dollar Averaging

The single biggest advantage is that you don’t worry about

the stock prices. It reduced the volatility that you face
when investing.
Lets see SIP returns vs lump-sump - Covid Months!

Example: KSE100 Index Performance

Month SIP Lump Sump Index

Mar 2020 Rs20,000 Rs240,000 39,296

April 2020 Rs20,000

29,505

May 2020 Rs20,000

33,916

June 2020 Rs20,000

34,021

Feb 2021 Rs20,000

46,248

After 12 Months-
Rs240,000 Rs240,000 45,865
Feb 26th 2021

Returns 20% 17% 21% Extra

Let's say you were wrong footed and invested when
Pakistan was seeing recovery in economic numbers in
Feb 2020.
And then COVID surprised you!

The numbers show that you would have made 21% extra
return vs a lump-sump investor given he held his nerves
and didn't sell his investments when market was coming
down everyday!

It doesn't matter which time frame you look at, but if the
market is acting like a roller coaster, it will always save
you money and come back faster!
Tiny investments becoming huge in the long term

SIPs allow investors to save regularly with a smaller

amount of money instead of coughing out one big chunk at
a time.
Extra income tax rebate

Investing your SIP through mutual funds give you another

benefits - its reduces your income taxes by 20%

Moreover, if you use VPS (for your retirement / SIP), you

get an additional 20% tax benefit.

So, if you are a new investor and don't know where to

start, mutual funds can be your choice of investment!

Save on taxes and make a superior return vs lump-sump

 Conclusion!

So, in a nutshell, no human intervention (no timing of

the market), a fixed stock portfolio with 5-6 stocks,
selling only when you need cash and not when you are
scared of the market!

Simple and straight!

For all the direct stock market investors, we have made

a 'ABSOLUTELY NOT' list for SIP- pun intended!
 The Don’t(s) of SIP!
We know you want to learn about the stocks now
but there are some important don’t(s) to keep in
mind as an investor in Pakistan – points that can
help you stick to your SIP journey.

Don’t greed-rush your stock choices:

This method of investing focuses on a long-time horizon, a lot

of patience, and careful selection – don’t choose a stock which
you think is hot today (follow a strict criterion - later in the
book). Basically, no going for reverse listed stocks, no hopping
on tips and complete control on emotions especially when
market isn’t doing well.

InvestKaar’s Advice:

Don’t go all in! SIP isn’t supposed to work that way. Your
absolute investable amount has nothing to do with SIP.

Example:

If you have Rs1,000,000 in savings / investable amount right

now – this entire amount doesn’t have to be your SIP. Your
SIP amount has to come from the sustainable savings that
you do on a monthly basis.
 Your income's breakup

Savings
Expenses Rs20,000
Rs80,000
Salary
Rs100,000

Your SIP Schedule

Total Annual
Month Savings Profit
Savings Returns

Month 1 Rs20,000 Rs20,000 15% Rs250

Month 2 Rs20,000 Rs40,000 15% Rs753

Month 3 Rs20,000 Rs60,000 15% Rs1,513

Month 4 Rs20,000 Rs80,000 15% Rs2,513

Month 5 Rs20,000 Rs100,000 15% Rs3, 813

Month 60 Rs20,000 Rs1,200,000 15% Rs556,560

 No 'HOT' Stocks!

Stocks that are very

Another problem we see is the volatile - move up and
frequent switch to trading stocks when down too much!
SIP stocks aren’t performing that well!

Say the market is up 500pts today, hot stocks are capped

while your SIP portfolio is 2% only. That can trigger you to
re-think that SIP doesn’t work and you should rather start
trading.
See SIP stocks aren’t functioning to perform like hot
stocks (a few examples would be TRG or Telecard or
TPL properties). They are supposed to preserve wealth
WHILE giving you decent annual returns (capital gains
and dividends combined) over time

InvestKaar’s Advice:

By their inherent nature, Hot stocks cannot take care of

your retirement plans or other big expenses like funding a
child’s education or a car or a house. For these, you need
SUSTAINABLE returns and not a random quick buck.
For a well-managed company, this 20% return isn’t difficult
at all!
You think you can trade and make a higher return, do this
with the amount left after your monthly SIP – but don’t
touch or don’t skip SIP investments!

Another problem of investing in hot stocks is that each time

the stock market rallies, it has different set of hot stocks

Example:
Hot Stocks of 2016-2017 - them now
2014-2016
Stock From 2016 till today
Performance

GHNI 15.4 times -51%

DSL 8.6 times -71%

TSPL 6.6 times -60%

GHNL 6.4 times -77%

FFL 5.6 times -65%

DFML 4.5 times -84%

 Skipping SIP payments

Don’t skip SIP investments even if the market is not

performing well. Usually, investors skip investments thinking
they will be able to buy stocks at cheaper rates later.
Again, that’s not how SIP works and this approach doesn’t
even seem worth it - let’s show this with an example:
How much do you think you’ll save if you could do this in a
month?
Just Rs500 on Rs10,000 SIP monthly plan assuming the
market comes down by 5% (2,300 points at today’s index
level of 46,000)?
Is it worth the effort to be glued to the screen?
The stocks you have chosen are strong businesses and are
supposed to come down less than the market! What if your
specific stocks don’t come down at all?

Also, if you are into long term and don’t need the cash right
now - why do you even care what’s happening today?
 InvestKaar’s Advice:

First things first, stop watching news channels! They are

the single biggest bad influence to your investing.

Second, stop trying to time the market! You don’t have to!

The best thing about SIP is that it restricts human

influence. No matter what the news anchor are saying
about the government, you have to keep going.

You know why?

If, for instance, your timing gets wrong and you lose out on
just 5% of return in the sixth month out of sixty months in
total, your expected Rs3.7mn becomes Rsxx – that’s a loss
of xx%.

There is a reason it is called SYSTEMATIC!

 Leave the SIP to the end of the month!

Did you know that most of your returns depends only if you
have stayed invested in best few days in a year?
During the rally from 2012 to 2016 a 25% or more of any
stocks' return came in only 5 days - we just don't know
which days they would be!

This tells us two things:

1. Again, don't trying to time the market - it can become
fatal and
2. Be invested because if you aren't in these few days, you
lose quarter of your returns
Many of us would think that we should invest through an SIP
if and when we save anything at the end of the month.
WRONG! SIP yields the best when the exact same amount
is invested every month, ideally at the start of the month!
So, make it a habit and hang on to it.

InvestKaar’s Advice:

The day you get your salary, take the SIP amount out and
put it in the market or a mutual fund.
How much?
Your average savings over the last 3 months. For even
better results ideally increase the amount as your
salary/income increases!
 Now we dive deep into specifics

As we said before, we will not give you generic, searchable

on the internet stuff here. We will hone into what an investor
in Pakistan should do to choose the best companies for their
SIP.

Below is our criterion to choose companies for SIP

investments.

InvestKaar advice you to spend

your time like this:

Management /
Sponsors 75%

Financials
25%
 Why?

In Pakistan, SIP stocks are actually hard to find and even

more difficult for retail investors.

But we have a criterion which will make it easier for you!

The rule is, concentrate 75% of the effort on looking at the

management/sponsors and 25% on the numbers/financials

Why?

Because in ten/twenty years’ time:

business environment and outlook are bound to change,
industries that looked promising today might change,
new competition would come in,
international markets will change

But one thing that will remain constant will be the

management/sponsors.

They won’t change!

Their thought processes will not change!

Their attitude towards minority shareholders will not

change!
A good management will take decisions that are good for
the company and not what’s good for themselves in the
short term.

They will steer the company towards better businesses and

not start those good businesses in their own names –
outside the listed company!

Another thing to note is that a very few management teams

have the capacity to keep their eyes on long term growth,
improving efficiency and trying to compete globally.

Instead, as soon as a hiccup comes, they would try look

into other businesses which might look good today but
have nothing in common with their current business - heard
of a company starting real estate project on their lands?

Unfortunately, a very few sponsors/managements can

comprehend the power of compounding and what they can
achieve with a stable 20% annual profit growth.

Good managements/sponsors would hone in, keep

improving their cost structures, make their processes
efficient and look outwards to compete in the international
markets.

So, when you are stuck for 10/20 years in a stock,

management will matter more than their financial numbers
– that’s why spend 3/4th of the time on looking into
management and rest into their current business models.
 Red flags on the Management /
Sponsors

We will be very honest - There are no straight answers

here!

There is no numerical calculation or formula to differentiate

good sponsors from the bad ones but below are the
considerations to look at before choosing a company for
our SIP portfolio:

ONE NUMBER
FOR
MANAGEMENT
 Do they look out for minority shareholders?

How many times have they given right shares vs dividends?

Right shares are offered when a company is in need of

capital for expansion and they cant take more debt.

These are usually once a decade event since they will

forecast a demand and expand accordingly unless the
demand growth is abnormal (in very rare cases)

But once the expansion phase is done, what they do with

these profits becomes imperative. Are they paying out some
money as dividends or not?

See investors become comfortable investing in a company

that pays out dividends when they don't need cash. And they
trade at better multiples vs companies which don't.

So when selecting a company for you SIP, do look at books

and payouts both pre and post expansion

You don't want be stuck in a company which uses minority

shareholders only to raise money and not give back
 Cash hungry businesses

On a related note, there will be businesses which cant afford

to pay dividends. Their operations are cash intensive, their
banking lines are always fully utilized and they can't payout
dividends.

Their businesses use cash on both sides i.e. heavy credit to

their distributors and advance payments to their suppliers.
Sometimes they have to run promotions to keep the product
selling. And if they stop doing it, they risk of losing market
share to competitors.

All of this is good when margins are high but usually in

consumer segment they aren't.

These companies might be very good for growth investors

but not suitable for SIP investors - Why?

Because you cant predict cycles. What if they are in a down

cycle and need cash exactly at the time your SIP is expiring?
Cyclical, low margins stocks are graciously valued by the
market in their downcycles.

For an SIP investor, this much cash hungriness, isn't a very

good idea
 Intra-group transactions or holdings

How many times has a company given loans to sister

concerns?

If a company is loaning out excess cash to its sister

concerns over and over again – it’s a clear red flag. The
argument is that instead of keeping cash in a bank account,
this money would generate additional return, if lent out.

But do you know what is better than that?

Paying that amount to shareholders!

We have seen so many companies ballooning their balance

sheet with extra cash that their return on equity (a metric that
tells about capital efficiency) falls to mid-single digits when
the discount rates are high.

These are not the companies we can bet our retirements on.
These are for their own retirements! :p
 Technical Assistance or Royalty Fees

Mostly, this applies to foreign companies operating in

Pakistan.

What happens is that foreign companies demand a fee for

technical assistance or royalty fee (whatever that is) from
their subsidiaries.

This is taken out from sales and not profits. This even
applies when the company is in losses which means that
their returns are already out before the profit is calculated.

Essentially its a tax on minority shareholders for choosing a

foreign company to invest their wealth in.

This number varies from company to company (usually 2%

to 5%) depending on how much can they milk out from their
local company. The worst part is, they keep on increasing it
and because their free-float is so small, they can easily get it
passed in their board meetings.

Even worse is sometimes their net margins are lower than

this fee - usually the case with consumer companies.

Retail investors are usually inclined to invest in foreign

operated companies since they have better corporate
governance however, if your short-listed company is doing
something like this, be very cautious.

Its probably not worth it!

 Auditors! Your first line of defense!

Auditors are shareholder's first line of defense.

They look at the accounts of companies and give their

opinions about the state of the business, if management has
made the accounts according to the standards or not, what
have they missed, are they over or undervaluing an asset
etc.

They wont stop the management from doing anything which

is bad for shareholders, they will just highlight if something is
happening which shouldn't.

For long term SIP type investing, you need to check who are
the auditors of the company.

To do all the gimmicks, companies choose unknown or small

audit firms which large audit firms don't do due their brand
image and global alliances.

Its always better to have one of the top four audit firms to
audit the chosen company.

Also, track the change of auditors and its timings.

Managements that value corporate governance wont change
auditors every now and then. Also if the change in auditor is
happening at the same time when profits are falling.

It can be a big red flag.

 ROE

NET MARGINS CASH FLOW

REVEUE
DEBT TO EQUITY
GROWTH

SIP SCREENING
 ...and the other 25%! - Financial health!
With the qualitative side being discussed, let’s now look at
the financial screening criteria for companies in your SIP.

One will find so many ratios that its really hard to take note
of. Few will recall the old value investing ratios by Benjamin
Graham to be the base for screening companies while some
will argue that in this time and age, growth should be given
the most priority.

To us, the following ratios matter the most. But before going
into the details, let us clarify that you will be lucky to find a
company that will perfectly fit the eligibility criteria – it rarely
happens. Some will look expensive in one criterion while
looking cheaper in the other.

This is where the human side of investing will come – not

everything can be numerically quantified.

The best case would be to fully understand the business

model of a company or if you have witnessed a company’s
growth trajectory and you have a reason to believe that it will
continue the pace.

The logic behind all this is to find stable all-cycle companies

with decent sponsors/management. You don’t want to be in
companies that go on an expansion spree, find out that they
were either too early or too late, bleed themselves out and
end up issuing right after right shares.
 Look for strong revenue growth…

For any company to become eligible for your SIP, it should

have a history of consistent revenue growth.

Growth is crucial especially in a country like Pakistan where

inflation stays in double digits. Remember, this is a long-term
investment and hence these companies need to grow
decently so that they can take care of rising cost pressures.

… but they should also have decent and

sustainable margins

What is growth without profits?

We are not startup investors!

Ideally, you need to have companies which are growing fast

but also having a close eye on their margins. In other words,
their margins should be steady or better growing along.

This is not a must to have condition but it will be nice to have

one!

What is the number we are looking for?

They differ across industries but they should be in no case

lower than the average peer margins! For instance, if there
are two steel companies with similar growth trends - one has
an average 2% margin while the other has 8%; don’t choose
the 2% one no matter what they are saying!
 History of ROE 20%+

Decent margins are good but since they widely differ across
industries, its difficult to put a reference number to it.

That is when ROE comes into play. This is the number which
should be the most important to investors as it determines the
growth in stock prices.

A company should at least have an average 20% ROE over

the last three years meaning if they have invested Rs100
they are getting Rs20 every year as profits

Cash flow positive companies

In no case, any of the company should be cash flow negative!

What do we mean by it?

We mean that no company should face cash flow issues in the

course of their normal operations. These issues come when the
company is selling its product but the customers aren’t paying
for it instantly or taking too long to pay for it.

This gap then requires a company to fund its operations by

taking on debt.

Yes, in a few years they will have to take debt and hold off on
dividends for expansion purposes but their operating cash flows
have to be sustainably positive.

Case in point being companies stuck in the circular debt issue in

Pakistan.
 Dividends are NOT a must!

Investors’ fixation on dividends is so much that sometimes they

let go of good companies just because it’s not paying dividends.

Dividends are good to have but not a must. We can even go on

to say that too many dividends at time indicate that the
company has stopped growing or have no intention to grow in
the future.

And that’s one thing we do not want in a SIP stock.

Ideally, we would let go of a high dividend yielding stock for a

high sustainable ROE stock – that is operating cash flow
positive.

Example: A company paying out 40% of earnings as dividends

and growing at 25% instead a company paying out 80% but
growing at 10%

You may have a different choice and that’s Ok!

ONLY
DIVIDENDS
 Debt to equity - shouldn't be way off

This is something which can be debated upon. When

companies expand, they take debt from the bank and their debt-
to-equity ratio goes higher.

But if done right, this debt will bring more profits in the future
and when done wrong they can make the company bankrupt.

There is no 'one' number fit all!

Compare your company's debt-to-equity number with the

average industry's number. This is remove the cyclicality out of
the analysis since usually all the companies in a sector expand
at the same time. They should be close to the average. If not,
you might want to dig deep and find out why?

Debt levels
close to industry
 FOR INSLAMIC INVESTORS

For investors looking to start their SIP in Islamic only stocks, all
the above criterion will hold true for you except for debt / loan
levels.

Specifically for this need, PSX has specific standards which a

company should follow to be an Islamic company.

These include a specific debt to equity number, debt to asset

number or interest income as a percentage of sales.

Don't worry, you don't have to do it yourself.

PSX has a dedicated page for it where you see all the eligible
companies listed there. These companies are updated on a
quarterly basis.

This index is called KMI All Share Index - click here

What to do when a company becomes ineligible?

Is is very possible that during this time, a company takes more

loan for a bank and become ineligible.

As a rule of Islamic investing, you will have to sell it and move to

a different company.

For your SIP also, you will have to do the same. We would
advice you to run these criteria all over again and mark a new
company - if you have got hold of it, you will not have a problem
taking out another company like before, again
Our WhatsApp group’s choice of SIP stocks
All of this theory is OK! But how about actual examples from the
stock market so that readers can relate better.

We did a voting on our WhatsApp group to see which stocks

come out as their favorites for SIP investments.

Most of them were bang on, but we thought to screen them

through the above criterion!

Lets go!

Rev
Growth Net Cashflow D/E Dividend
Company ROE
(4-yr Margins Positive? Ratio Yield
average)

EFERT 16% 16% 39% YES 62% 19%

ENGRO 25% 16% 18% YES 76% 9%

LUCKY
26% 12% 13% YES 50% 0%
CEMENT

INTERLOOP 26% 11% 28% NO 140% 6%

CITI
38% 4% 10% YES 39% 4%
PHARMA

MILLAT
6% 12% 72% YES 13% 9%
TRACTORS

ENGRO
16% 18% 35% YES 96% 26%
POLYMER

PAKISTAN
7% 39% 38% YES 0% 14%
OILFIELDS
 Rev
Growth Net Cashflow D/E Dividend
Company ROE
(4-yr Margins Positive? Ratio Yield
average)

HUB POWER -12% 36% 38% YES 144% 16%

AVANCEON 14% 18% 18% NO 12% 1%

MARI
PETROLEU 27% 41% 34% YES 0% 11%
M

KAPCO -11% 20% 29% YES 106% 44%

TARIQ
18% 9% 19% YES 72% 9%
GLASS

INDUS
18% 7% 29% YES 0% 10%
MOTOTS

OCTOPUS NA 52% 22% YES 0% 0%

GUL AHMED 21% 4% 13% YES 197% 2%

SYSTEMS 41% 21% 31% YES 17% 1%

ATTOCK
8% 2% 20% YES 0% 12%
PEROLEUM

JUBILEE
LIFE NM 5% 20% NO 0% 2%
INSURANCE
 How to look at these numbers?
This indicates the absolute best amongst the
category

This indicates a good number

This indicates a red flag. An investor need to dig

deeper to understand what is happening and why?
These are not absolute ratings (the color boxes) but
companies which are doing better vs the rest in our opinion.
You might think about discrepancy in rating - let's look at three
examples:
Pakistan Oilfields: Net margins and ROE are best
amongst other but heavily dependent on international oil
prices - for SIP you don't want such volatile margins
Interloop's growth and margins are very good but not its
dividend yield - an SIP investor shouldn't let go of a
company just because its not paying dividends (refer
above section on dividends)
Some companies' debt to equity is ZERO - this means
they are keeping too much cash to run the business. Its
not efficient capital allocation!
As we said before, you will hardly find a company which will
tick all the boxes. As an investor, you need to understand the
direction of the company and this assessment will help you do
just that!
 Choice of investment vehicle?
Let’s say you have decided to start SIP – what are your
options?

You have two options:

ROUTES

Expert financial managers

You!
Charge a fee of 2%-3%
Income tax benefits

Mutual Funds Direct Stock Market

Difficult for beginners

Manual VPS
A 20% tax Break!
No fee or income tax benefit
A 20% tax Break!
Better learning for long term

Together
A 40% income
tax Break!

For someone who is a beginner with little or no

understanding of the market, Mutual Funds can make more
sense as they let an expert manage your capital and provide
you monthly updates. That sounds just about right-isn’t that
what we all want? But there are no free lunches and
investment via MF has a cost – a management fee varying
between 2-3%.

If that can be afforded, MFs make the most sense early on

for someone who is starting off with small amounts. When
you get a hang of it, you can promote to managing it
yourself.
 Other than someone doing the hard work for you, you will get
a tax rebate of up to 20% of your tax if you choose the
manual mutual fund route.

Example: Tax Savings for different salary slabs

Retireme
Mutual nt
Fund Investme Total
Monthly Tax Monthly Monthly Monthly
Investment nt for Monthly
Income Rate Tax Savings Savings
for 20% tax another Savings
rebate 20% tax
rebate

Rs50,000 1.67% Rs833 Rs120,000 Rs167 Rs120,000 Rs167 Rs337

Rs100,000 5.21% Rs5,208 Rs240,000 Rs1,040 Rs240,000 Rs1,040 Rs2080

Rs200000 10.2% Rs20,400 Rs480,000 Rs4,080 Rs480,000 Rs4,080 Rs8,160

Rs300,000 13.9% Rs41,666 Rs720,000 Rs8,333 Rs720,000 Rs8,333 16,667

Rs1,200,0
Rs500,000 19.2% Rs95,833 Rs1,200,000 Rs19,166 Rs19,166 Rs38,333
00

Note that as your monthly income increases, your tax rate

increases and hence it become imperative for you to invest
in both direct mutual funds and retirement funds to get the
maximum rebate!
 Lets sum it up here!

A new to stock market investor or a new saver must think

about starting an SIP. The younger you are the better it will
be for you. Its an easy way to take exposure on high growth
and profit making companies in Pakistan.

Given the lack of confidence in the stock market in Pakistan,

we have the opportunity to get premium companies that are
providing ROEs in the range of 20% - 40% at very low
multiples.

Most of us are interested but afraid to enter the market. SIP

is the best and easiest way to dip your toes in the market.
Our guide can be your starting point to a prosperous future,
that too with minimum stress.

Try it out yourself or let a Mutual Fund handle it for you!

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together for you.
Give us a shout out and keep recommending us to friends,
family!

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track and compare your investments in the best possible
way.
 Best wishes

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