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Which is the best SIP to start investing in?

SurashriSharma · 2 · 4676

SurashriSharma

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SIPs or Systematic Investment Plans (SIPs) are a smart and hassle-free way of investing a fixed sum in a mutual fund plan. Investors can purchase units on a particular date every month. SIPs enable investors to invest a minimum amount, as low as INR 500, at regular intervals that are chosen beforehand, i.e. daily/monthly/quarterly, etc.
SIPs are the ideal way to inculcate the saving habit in the user, which can build respectable funds for the investors in the future.

How do the SIPs work?

• SIPs maintenance is simple
• Your SIPs money gets auto-debited from your savings account and later invested in the mutual fund scheme of your choice
• You do not have to time the market when investing through SIPs

How to choose the best SIP mutual fund?

There are more than 5,500 SIP mutual fund schemes in India. Choosing the right one is no easy task. Following pointers
should assist you in selecting the right one:

1)   Have your objective in place, be it short-term or long-term. It could be buying a new house, saving for marriage, going for vacation, etc.

2)   The fund house manages your portfolio. So, you have to hire the right one to handle your investments. Have a thorough knowledge about them because they will take investment decisions on your behalf.

3)   The ultimate goal of the investor is to fetch good returns. Therefore, it is imperative that you research about the profits that the fund manager has provided to his/her other investors over a period and make a comparison with the benchmark index.

4)   Apart from keeping a track on the fund house, know your fund manager. Analyse how the fund manager has performed in the recent past. A good fund manager should efficiently handle your funds and assist you in achieving greater returns. 

Some of the best in market are Aditya Birla, ICICI Bank, Templeton India, Edelweiss, Sundaram, Canara Bank, Angel Bee and more.

Ref : https://www.angelbee.in/sip/what-are-sips/
« Last Edit: Dec 10, 2018, 06:06 PM by SurashriSharma »


Kasey02

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SIPs or Systematic Investment Plans (SIPs) are a smart and hassle-free way of investing a fixed sum in a mutual fund plan. Investors can purchase units on a particular date every month. SIPs enable investors to invest a minimum amount at regular intervals that are chosen beforehand, i.e. daily/monthly/quarterly, etc.
SIPs are the ideal way to inculcate the saving habit in the user which can build respectable funds for the investors in the future.

How do the SIPs work?

• SIPs maintenance is simple
• Your SIPs money gets auto-debited from your savings account and later invested in the mutual fund scheme of your choice
• You do not have to time the market when investing through SIPs

How to choose the best SIP mutual fund?

There are more than 5,500 SIP mutual fund schemes in India. Choosing the right one is no easy task. Following pointers
should assist you in selecting the right one:

1)   Have your objective in place, be it short-term or long-term. It could be buying a new house, saving for marriage, going for vacation, etc.

2)   The fund house manages your portfolio. So, you have to hire the right one to handle your investments. Have a thorough knowledge about them because they will take investment decisions on your behalf.

3)   The ultimate goal of the investor is to fetch good returns. Therefore, it is imperative that you research about the profits that the fund manager has provided to his/her other investors over a period and make a comparison with the benchmark index.

4)   Apart from keeping a track on the fund house, know your fund manager. Analyse how the fund manager has performed in the recent past. A good fund manager should efficiently handle your funds and assist you in achieving greater returns. 

Some of the best in market are Aditya Birla, ICICI Bank, Templeton India, Edelweiss, Sundaram, Canara Bank, Angel Bee and more.

Ref : https://www.angelbee.in/sip/what-are-sips/

Thank you for the advice. I am new to investing in mutual funds. Is there any major difference between investing through SIPs or paying one-time every month?
« Last Edit: Jan 11, 2020, 04:47 PM by FutureGizmo »


 


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