Mandate Financial Institutes to Provide Clear SIP Projections


Mandate Financial Institutes to Provide Clear SIP Projections
The Issue
Numerous Indian citizens regularly contribute to Systematic Investment Plans (SIPs), yet the financial institutes often fail to provide clear and detailed projections of the corpus that these citizens can build over time. These projections can vary significantly, from Rs 5,00,00,000 to Rs 7,00,00,000 or Rs 9,00,00,000 depending on the invested sum. For example, with a monthly investment of Rs 12,000 at an assumed annual return of 12%, one could potentially amass a corpus of around Rs 5 Crores over 30 years (source: Livemint). This essential information helps individuals make informed decisions and plan for their futures effectively. We urge regulatory agencies to mandate financial institutes to provide clear and detailed monthly and annual SIP projections. Support this petition for greater transparency in our financial institutions. Sign now to ensure a secure financial future for all!
1
The Issue
Numerous Indian citizens regularly contribute to Systematic Investment Plans (SIPs), yet the financial institutes often fail to provide clear and detailed projections of the corpus that these citizens can build over time. These projections can vary significantly, from Rs 5,00,00,000 to Rs 7,00,00,000 or Rs 9,00,00,000 depending on the invested sum. For example, with a monthly investment of Rs 12,000 at an assumed annual return of 12%, one could potentially amass a corpus of around Rs 5 Crores over 30 years (source: Livemint). This essential information helps individuals make informed decisions and plan for their futures effectively. We urge regulatory agencies to mandate financial institutes to provide clear and detailed monthly and annual SIP projections. Support this petition for greater transparency in our financial institutions. Sign now to ensure a secure financial future for all!
1
Petition created on 10 April 2025