SIP Systematic Investment Plan is a mutual fund investment strategy that enables investors to contribute a lump sum every three months or every month instead of a fixed amount every time.
Frequent Investing:
SIP enables investors to make regular, fixed-amount investments irrespective of market conditions. This facilitates rupee cost averaging, which is the process of averaging unit purchase expenses across time.
Automation:
SIPs can be set up to automatically withdraw money from an investor’s bank account on a regular basis. This makes investing easier and guarantees consistency.
Flexibility:
Depending on their financial objectives and risk tolerance, investors can select the SIP’s term, frequency of investments, and amount to invest.
Dollar-Cost Averaging:
By allowing investors to purchase fewer units during periods of high price volatility and more units during periods of low price volatility, SIPs may lower the average cost of investment as a whole.
Compound Growth:
Because SIPs need recurring investments, the gains from previous investments are reinvested, resulting in a gradual compounding of growth.
Mutual funds frequently provide SIPs, which let investors invest in the financial markets with comparatively small sums of money. People who want to accumulate money over time—for example, by saving for college, retirement, or other financial objectives—love them.
Start your SIP (Systematic Investment Plan) only in this fund’s
1. ICICI Prudential Commodity Fund
2. ICICI Prudential Equity and Debt Fund
3. Axis Small Cap Fund
4. HDFC Flexi Cap Fund
5. HDFC Mid Cap Fund
6. ICICI Prudential Bluechip Fund
7. HDFC Top 100 Funds
8. HDFC Small Cap.
9. Axis Midcap Fund
10. SBI Small Cap Fund
11. Kotak Small Cap Fund
12. Aditya Birla Sun Life PSU Equity Fund
13. Nippon India Multi Cap Fund
14. JM Flexicap Fund
If you start your SIP in the given fund only, you will never suffer loss and will always be in profit. And if you continue SIP for a long time, you will benefit a lot.