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Listen "3 ways to increase your SIP return"
Episode Synopsis
There are different ways to invest in mutual fund schemes like a one-time investment called LUMSUM, SIP or Systematic investment plan where a predefined amount is get invested on a predefined date form your bank account.
In general, SIPs will have a fixed installment amount invested throughout the chosen period either in Equity mutual funds or Debt Mutual funds. For example, Rs 5000/- monthly SIP for a 5-year period will invest Rs 5000/- per month for 60 months time period.
You will be able to benefit from a scenario if the SIP amount increases when the market is down to benefit from a lower valuation of stocks.
Do consider joining our 💎 𝗜𝗻𝗻𝗲𝗿 𝗖𝗶𝗿𝗰𝗹𝗲 𝗚𝗿𝗼𝘂𝗽 for insights on matters related to Personal finance and Mutual funds.
In general, SIPs will have a fixed installment amount invested throughout the chosen period either in Equity mutual funds or Debt Mutual funds. For example, Rs 5000/- monthly SIP for a 5-year period will invest Rs 5000/- per month for 60 months time period.
You will be able to benefit from a scenario if the SIP amount increases when the market is down to benefit from a lower valuation of stocks.
Do consider joining our 💎 𝗜𝗻𝗻𝗲𝗿 𝗖𝗶𝗿𝗰𝗹𝗲 𝗚𝗿𝗼𝘂𝗽 for insights on matters related to Personal finance and Mutual funds.
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