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FIP
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Earn up to 7.65%* p.a. with FIP
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How to Invest in Fixed Investment Plan

The Fixed Investment Plan (FIP) from Shriram Finance combines stable returns with disciplined savings. Invest in Fixed Investment Plan to secure your financial future.

Our best FIP investment plan offers returns of up to 8.15%* p.a., making it an attractive option for both new and experienced investors looking for a reliable investment in a fixed investment plan.

Step-by-Step Guide on How to Invest in a Fixed Investment Plan

Starting your investment journey with a Fixed Investment Plan (FIP) can be a strategic method towards achieving your financial goals. Here’s a detailed, step-by-step guide on how to invest in the Fixed Investment Plan, designed to make the FIP investment process straightforward, especially for beginners. 
Here are the four simple steps to invest in fixed investment plan through our website or Shriram One mobile app:

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  • Step 1

    Enter your mobile number.

  • Step 2

    Enter your PAN, instalment amount and KYC details and complete your payment.

  • Step 3

    Enter bank and nominee details.

  • Step 4

    Receive your Fixed Investment Plan receipt and maximise returns.

Things to Consider Before Investing in a Fixed Investment Plan

Before investing in a fixed investment plan, carefully consider the following factors to ensure it aligns with your financial objectives:

Align with Investment Goals

Ensure your investment aligns with both your short-term and long-term financial goals. Whether you're saving for a down payment on a house, funding your child's education, or planning for retirement, the FIP should serve as a vehicle to help you reach those milestones. By aligning your goals, you can make the Best Fixed Investment Plan investment decisions.

Assess Risk Tolerance

Evaluate your comfort level with risk. While FIPs are generally considered low-risk investments, it’s essential to understand your risk tolerance to ensure the FIP matches your comfort level. If you’re risk-averse, an FIP can provide a stable and predictable investment option.

Determine Investment Horizon

Consider your investment horizon, or how long you can commit your funds. FIPs typically offer various tenure options. Make sure the tenure you choose aligns with your financial goals and timeline.

Check for Flexibility Options

Inquire about flexibility options such as premature withdrawal or conversion to fixed deposits. Understanding these options can provide peace of mind in case of unforeseen circumstances or changing financial needs.

Understand Tax Implications

Know the tax implications of your FIP returns. Interest earned on FIPs may be subject to taxation, so it's essential to factor this into your financial planning for effective tax management.

Consider Portfolio Diversification

Evaluate how the FIP fits into your overall investment portfolio for proper diversification. While FIPs offer stability, it’s essential to diversify your investments across different asset classes to mitigate risk and maximise returns.

Advantages of Investing in Fixed Investment Plan

Investing in Fixed Investment Plan offers various benefits for both novice and experienced investors:

Rupee
Reliable Returns

Enjoy reliable returns with fixed interest rates, providing predictable growth for your investment.

Plan
Disciplined Savings

Cultivate a disciplined savings habit through regular monthly contributions, helping you stay on track with your financial goals.

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Flexible Options

Choose from flexible tenure and instalment options to suit your financial needs and investment preferences.

Chit funds
Affordable Investment

Start investing with a low entry barrier, making it accessible to individuals with varying income levels.

Paymoney
Minimal Risk

Experience lower risk compared to market-linked investments, helping preserve your capital and providing peace of mind.

Flexible Instalments
Potential Compound Growth

Benefit from potential compound growth as you earn interest on your principal and accumulated interest, maximising your returns over time.

POS
Goal-Specific Savings

Use FIPs to save for specific financial goals such as education, home purchase, or retirement, providing a targeted savings approach.

Finance
Easy Liquidity Options

Take advantage of easy liquidity options, including the ability to convert to fixed deposits, providing flexibility and accessibility to your funds when needed.

By considering these factors and understanding the advantages, you can make informed decisions and embark on a successful Fixed Investment Plan investment journey towards achieving your financial aspirations.

Why Should You Invest in a Fixed Investment Plan?

Investing in a Fixed Investment Plan offers several advantages for investors:

  • Stable Returns
    • Enjoy predictable interest rates
    • Protect your investment from market volatility
  • Disciplined Savings
    • Cultivate a regular savings habit
    • Automate your investments for consistent growth
  • Flexibility
    • Choose from various tenure options
    • Select monthly investment amounts that suit your budget
  • Affordable Investment
    • Start with small monthly investments
    • Ideal for new investors or those with limited funds
  • Goal-Oriented Saving
    • Plan for specific financial objectives
    • Align investments with short-term and long-term goals
  • Compound Growth
    • Benefit from interest earned on your principal and accumulated interest
    • Potentially higher returns over longer investment periods
  • Lower Risk
    • Generally safer compared to market-linked investments
    • Suitable for risk-averse investors
  • Liquidity Options
    • Some plans offer premature withdrawal facilities
    • Possibility to convert to fixed deposits at maturity

How to Invest in Fixed Investment Plan FAQs

Is it good to invest in Fixed Investment Plans?

Yes, it is a good idea to invest in FIPs. Fixed Investment Plans offer predictable returns and encourage disciplined savings. They are therefore suitable for investors seeking a balance between security and growth.

Who is eligible to invest in a Fixed Investment Plan?

Individuals aged 18 years and above with a valid PAN card and an active bank account are typically eligible to invest in a Fixed Investment Plan.

How to invest in a Fixed Investment Plan online?

To invest in a fixed investment plan online, visit our website, select the FIP option, complete the application form, submit the required documents, and make your initial payment.

What is the maximum investment in FIP?

The maximum investment limit can vary. Please contact our customer service team for specific details tailored to your investment needs.

How much can I invest in a Fixed Investment Plan each month?

Monthly investments start from ₹1,000, with upper limits that may vary based on the specific plan and your financial profile.

How does FIP investment work?

FIP investments involve making regular monthly contributions over a fixed period. Your invested amount earns fixed interest rates, accumulating over time to provide returns at maturity.

Which is the best investment option - SIP or Fixed Investment Plan?

The best option depends on your risk tolerance and financial goals. FIPs provide fixed returns with lower risk, while SIPs offer potential for higher returns with market-linked investments.

How much can I invest in a Fixed Investment Plan each month?

Monthly investments start from ₹1,000 with upper limits that may vary based on the specific plan and your financial profile.

Maximise savings with a Fixed Investment Plan