Often asked: How To Start Sip Investment?

How can I start investing in SIP?

Step-by-Step Guide to How to Invest in SIP in India:

  1. Step 1- Understand your Risk Appetite and the Objective of Investment.
  2. Step 2- Choose a Mutual Fund for your Investment.
  3. Step 3- Select the Date of SIP.
  4. Step 4- Decide on the Duration of SIP.
  5. Step 4- Decide Whether you want to Invest Offline or Online.

Can I invest in SIP online?

Well, you don’t have to deal with papers or exercise your leg. Just put your leg up, switch on the computer and you can start an SIP online from your home or office. The first thing you need to do before starting an SIP is fulfilling the Know Your Customer (KYC) requirement. KYC is a must to invest in mutual funds.

Can I lose money in SIP?

Mutual funds are market instruments. They invest in stocks, bonds, commodities, etc. All of these can lose value, and mutual funds can also lose value. The amount depends on many factors: type of fund, nature of market decline, the cash position of the fund prior to the decline, time period, etc.

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity Funds

  • Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance.
  • ICICI Prudential Blue chip Fund.
  • SBI Blue chip Fund.
  • Mirae Asset Large Cap Fund.
  • SBI Multicap Fund.
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Is SIP safe?

Is SIP safe or not? SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund lump sum, depending on the market condition, you could end up paying a very high price for a mutual fund. To avoid this, you should invest in mutual funds when the markets are not overvalued.

Where can I open a SIP account?

How to open SIP account online

  • Step 1: Collect necessary documents.
  • Step 2: Be KYC compliant.
  • Step 3: Register / SIGN Up with the AMC website.
  • Step 4: Decide Investment Amount and Scheme plan and option.
  • Step 5: Decide Payment Mode and Date.
  • Step 6: Submit Transaction.

How is SIP return calculated?

Future value or the amount you get at maturity. Take an example where you invest Rs 2,000 per month for a tenure of 24 months. You expect a 12% annual rate of return (r). You have i = r/100/12 or 0.01. 4

Which app is best for SIP?

Top 5 Apps To Invest in Mutual Funds in India

  • Coin by Zerodha. Download App: Android | iOS.
  • Groww. Download App: Android | iOS.
  • PayTM Money Mutual Funds App. Download App: Android | iOS.
  • Kuvera. Download App: Android | iOS.
  • ETMONEY. Download App: Android | iOS.

Are all SIP tax free?

If you are investing through SIPs in equity and balanced mutual fund schemes, then all the gains made after one year will be treated as long term capital gains and that will be completely tax free. However, if your SIPs were in debts funds or hybrid funds (MIPs) then the profits will be tax @20% after indexation.

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Which is the best date to invest in SIP?

30th of the month – Amount invested is Rs 12 Lakhs and SIP invested amount would have grown to Rs 27.5 Lakhs. Conclusion: 25th of the month is best, followed by 1st, 5th and 10th dates. The amount invested is Rs 10,000 per month on these dates for 5 years.

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