Hello Sir, I am planning to invest in SIP mutual fund. Please suggest amount i should start with and Where do i go to start the SIP investment .. i mean respective Banks (Axis, Kotak, SBI) or through any agent? Please help.
Refer my post “Top 10 Best SIP Mutual Funds to invest in India in 2018“.
A systematic investment plan deposits a certain amount of money, which could be as low as ₹500 or as high as the investor wishes, at certain fixed intervals of time, which could be a week, a month, an annual quarter, etc., and allows this amount to build up over time. The biggest difference between the piggy bank and the SIP, however, is the fact that SIPs don’t just keep the money aside for you, but also invest that money into profitable businesses and give you a share of the earnings. Also, with every periodic investment, the amount being reinvested keeps growing larger – which means that returns on the investments grow larger as well.It’s up to the investor to decide whether he/she wishes to receive these investment returns in a periodic format, or as a lump sum at the end of the SIP’s tenure, when the investment matures. Of course, the detailed workings of a systematic investment plan that invests in mutual funds are a bit more complex and they sometimes speak a different language, but understanding the different types of SIPs can help patient investors reap massive rewards.
Investing in mutual funds through SIP online is faster, easier, and more efficient than the traditional way. The online SIP investment route doesn’t require a ton of paperwork or frequent trips to an office for signatures. Investors simply register with their email ID and phone number and submit digital copies of ID/address proof online. A secure account is then created and the investor can pick and choose the ideal fund, as all the information is readily available online on FundsIndia itself. What’s more, FundsIndia has a dedicated team of award-winning investment advisors to suggest funds best suited to an investor’s individual needs.
Traditionally, SIP investments required a large amount of paperwork and frequent trips to the fund house, bank, or AMC. But today, SIP investments can be started within a couple of hours in an entirely paperless and fully secure online environment.