VinaCapital Fund Management Joint Stock Company has launched a systematic investment plan called VinaSIP, which targets at investors with a stable income who want to save for the long term. — Photo vietnamfinance.vn

VinaCapital Fund Management Joint Stock Company has launched a systematic investment plan called VinaSIP.

It is targeted at investors with a stable income who want to save for the long term with regular monthly investments starting at VND500,000 (US$21.63).

Investors can set up and invest online using the MIO application on the website or by phone.

They can increase or decrease the amount invested in VinaSIP, and separately invest in VinaCapital’s open-ended funds with a different VinaSIP.

The profits generated are constantly reinvested so that investors enjoy compounded returns over the long term.

Brook Taylor, the company’s CEO, said VinaSIP makes it easier for people to achieve their financial goals faster by regularly accumulating small amounts and investing to earn a large sum of money over time. — VNS