ICICI’s Target Investment Plan (TIP)
Target Investment Plan (TIP) 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. You can start your TIP by setting a Target amount and expected rate of return over a period of time. Let us take an example to understand the concept. Assume you have chosen Rs. 3 Lac as Target to be achieved in 24 months with an expected return of 9%. The average monthly amount required to achieve the target would be Rs. 11,500 every […]
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