The commenters considered April 2009 for a mid-course review submittal to be too soon after the initial SIP submittal in April 2008, arguing that EPA would not have had time to review the 2008 SIP submittal, and the states would not have time to prepare a mid-course review by 2009.Some of these commenters expressed aview that EPA should not require mid- course reviews earlier than 3 years after the SIP submittal date.Response: The EPA agrees with these comments.ĮPA is finalizing a limited approval of Tennessee’s April 4, 2008, SIP revision, except for the Eastman BART determination, to implement the regional haze requirements for Tennessee on the basis that this SIP revision, as a whole, strengthens the Tennessee SIP. a review of the implementation of measures in the 2008 SIP, and review of recent air quality data, and an updated modeled attainment demonstration.Ĭoordination mechanisms will be defined in consultation with all concerned. This final rule is also identifying the necessary elements of this mid-course review, i.e. Tennessee’s April 4, 2008, SIP revision addresses regional haze for the first implementation period. Our second action was a partial limited approval/ partial disapproval 3 because the 2008 SIP revision met some but not all of the applicable requirements of the CAA and our regulations as set forth in sections 169A and 169B of the CAA and 40 CFR 51.300–308, but as a whole, the 2008 SIP revision strengthened the existing SIP.ĮPA will consider the other changes included in Tennessee’s June 25, 2008, SIP revision in a future rulemaking. 12,000 as NAV can decrease in any subsequent month, providing him the benefit to purchase more number of shares.In the 2008 SIP review, New Mexico will reevaluate mobile source emissions to determine if long-term strategies are needed. Investor 'A' will have more number of units (in most cases) with investment of Rs. 12,000 by purchasing units at prevailing NAV. 1000 each month in SIP but investor 'B' has invested lump sum amount of Rs. Let's understand this with the help of an example: But in most of the cases, total number of units purchased is more than units purchased in lump sum. In other words, you can say that NAV can be higher or lower depending upon the fluctuations in the market conditions of share market. On the other hand, when the market price of shares increases, then he gets the benefit of purchasing fewer shares due to increased cost of shares. When the market price of shares falls down, then the investor get the benefit of purchasing more number units due to less cost of shares. Working of Systematic Investment Plan is very simple. How Systematic Investment Plan (SIP) works This helps you in fulfilling various other financial responsibilities as well as making savings simultaneously. 100 per month for certain years instead of investing Rs. Systematic Investment Plan provides you freedom to invest in mutual funds with small savings instead of lump sum investment. With such small savings, he can enjoy the benefits equivalent to Equity Mutual funds.
The only difference is that RD account is managed with a bank or post office whereas SIP account is managed with mutual fund. You can resemble SIP (Systematic Investment Plan) with Recurring Deposit account as a small amount of money is invested at regular time intervals.