SIP:
- It is known as Systematic investment Plan.
- A fixed amount of money is invested in a financial instrument in regular intervals.
- It is a smart financial tool for creating wealth.
- Mutual Fund in SIP form gives best return for long term.
- Small savings can also be invested in SIP.
- Investment or market timing is irrelevant in SIP.
- SIP enables rupee-cost averaging by investing systematically.
- Huge benefit comes from the Power of Compounding.
Few points to check before buying Mutual Fund in SIP form
- Star rating of the mutual Fund should be high and 5-star is preferable.
- Net asset of the Fund should be high and not less than 500 Crore.
- Expense ratio of the Fund should be low and not more than 2.5.
- Annual Return of the Mutual Fund should be high as per your financial target.
- Avoid investing in Thematic and Sector Fund.
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