Know Everything About SIP Investment

SIP also known as a Systematic Investment Plan, is one of the most convenient modes of investment. SIP enables an investor to make a monthly investment in the mutual fund plan of their choice. With as little as Rs. 500 every month, you can begin a SIP (Rs 100 per month in the case of a few schemes). The strength of compounding and average costing allows the investor to make time-bound investments without worrying about market fluctuations, and they stand to gain over the long run. Also, you can develop financial discipline and accomplish your goals with SIP.

In this blog, you will learn how to start sip investment and about all the benefits of investing through SIP or mutual funds and the best date to invest in sip.

Benefits of Investing in SIP

Easy on the wallet

Smaller sums can be invested through a SIP. With a SIP, you can begin investing with as little as Rs. 500 per month or, in the case of some programs, Rs. 100 per month.

The disciplined approach to investing

SIPs force you to make regular investments, which instills discipline and good saving practices. This makes SIP a more convenient option for investment.

Eliminate the need for Market Timing

By investing through a SIP, you can eliminate the concern of market timing. Timing of the market means looking at the right or lower level of the market to start investing based on prediction.

Benefits of compounding over the long term

With small amounts of investment through SIP, you can start investing early. This increases the amount of time invested in the market and also increases the probability of bigger returns.

The Right Time To Initiate Sip

If you are thinking about the right time to start SIP, then the answer for the best date to invest in sip is NOW! The sooner you will start investing in SIP, the more beneficial it will be. As a result, your assets have a greater chance of growing because the invested funds have had more time to work their way up the market.

Top 5 SIP To Invest

Here is the list of the best SIP to Invest in.

  • Axis Bluechip Fund
  • Nippon India Multi-cap Fund
  • Parag Parikh Flexi Cap Fund
  • Kotak Emerging Equity Fund
  • ICICI Pru Large & Mid Cap Fund
  • HDFC Large and Mid Cap
  • HDFC Small Cap Fund

In the above-mentioned blog, we have shared all the important things you should know about SIP investment. Also, if you are looking for professional guidance for investment, Uptik is a reliable investment management platform where you can learn about investments, their profit, and their loss. Also, you can leverage powerful and effective strategies used by the world’s top investors and advisors.