SIP investment in India should definitely be considered for your portfolio. It represents a good financial habit and inculcates discipline when it comes to reaching financial goals in the future. Making SIP investments will help you diversify your investment portfolio at a considerably lower cost and you should invest on the basis of several parameters including your appetite for risks, your current financial position, goal for your investment, suitable horizon/timeframe and so on.
Key dos and don’ts for SIP investment in India You can always use a mutual fund SIP calculator to work out the approximate returns that you will get from a particular scheme/plan. There are various types of SIPs which are also available including Smart SIPs and plans that bundle SIP with insurance as well. Check the plan type carefully and see whether it aligns with your financial goals prior to investing. On that note, here’s taking a look at some of the major dos and don’ts that you should abide by. Don’ts for investing in mutual funds
Dos for investing in mutual funds Here are the key things that you must do with regard to SIP investment in India.
These are the basic dos and don’ts that you should always keep in mind before planning your SIP investment.
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April 2022
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