Mutual Fund SIP News: If you have also invested money in SIP through Mutual Funds or are planning to invest, then it is important for you to keep some things in mind.
Mutual Fund SIP: If you are also planning to invest money in SIP, then this is important news for you. If you have also invested money in SIP through Mutual Funds or are planning to invest, then it is important for you to keep some things in mind. Through mutual funds SIP, you can create a big fund even with a small amount. Although SIP is linked to the market, there is risk in it also.
Let us tell you what things you should keep in mind before doing SIP-
Do research first
It is also important for you to do research before starting SIP. You should always do research before taking SIP or you can also take advice from an advisor. You can get more benefits from this. Along with this, the amount of loss will also be slightly less. You should do research first and only then start SIP.
Start investing with small amount
You should start with a small amount in any new investment. If you start SIP with a huge amount then you may have to suffer huge losses. Along with this, if you face any financial problem in future then it becomes difficult to continue SIP with a large amount. You can start 2 or 3 SIPs of small amount in the beginning.
Do not stop SIP suddenly
Along with this, you should not stop SIP suddenly. Many times it is seen that investors first start getting excited, but then stop it after seeing recession and market decline. This should not be done. Investors may have to suffer losses by doing so. You have to be patient during the recession and after recovery in a short time, you can withdraw your money from it.
First set the target then start SIP
You should always start investments like SIP with a target. You can plan SIP for children’s marriage, education or retirement. This also keeps your mind clear and you can get an idea of how much money will be required for that work.
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