A systematic investment plan enables you to invest a fixed amount at regular intervals in mutual funds, which in turn invest in the markets.
Factors to consider while choosing SIP are as below:
Investment objective:
You need to ask yourself a. Are you investing for the short term or long term? b. what is your risk appetite?
Fund type: As mutual funds are of various types
Asset-based mutual funds: a. Equity Funds b. Debt Funds c. Balanced Funds
Structure-based mutual funds: a. Open-ended b. Close-ended
Historical Performance & Returns: Carefully study funds before investing in them. Compare funds on the basis of performance over a 3 to a 5-year term. A comparison of historical performance will tell you how strong or weak a fund is and whether it can withstand market volatility.
Mutual Funds can help your Money reach a suitable Asset Class in a Cost-Effective way.
for a normal individual, it is difficult all these days, hence one should consult a good mutual fund advisor for a better understanding of funds & start investing in mutual funds with Ajmera x-change.
devangthakkar
A systematic investment plan enables you to invest a fixed amount at regular intervals in mutual funds, which in turn invest in the markets.
Factors to consider while choosing SIP are as below:
Investment objective:
Mutual Funds can help your Money reach a suitable Asset Class in a Cost-Effective way.
for a normal individual, it is difficult all these days, hence one should consult a good mutual fund advisor for a better understanding of funds & start investing in mutual funds with Ajmera x-change.