SIP is a Systematic way of attaining certain financial goals. SIP stands for Systematic Investment Plan where a specified amount of money were invested into equity or debts or both every month. It gives a wings to the investor to simply choose upon a scheme and put on their money to get a higher return. The return in SIP is usually more than 10 % and some times it goes as high as 20 %. Many people in India has found it a good way to make they money talk. It is a better option than other mode of savings that are avaiable in banks like the term deposits.
In todays time, there were many SIP scheme are avaiable. People generally prefer to do SIP in mutuals funds and let the amount invested to get a handsome return. If an individual wanted to make their own choice of scheme they found it hard to choose any. If an individual Google to find the best SIP plan then they we will get many recomendation considering the amount of return the plan has given over the period of time. However after looking all the availed option they might find it difficult to make a choice. And in process they looking to get some smart advices from friends, relatives or expert.
Given to make a choice, if an individual take out certain time of own then they can make quick decision. There are few criteria to look upon to make the right investment decision and to choose the best plan.
Firstly, the individual need to decide the prospering sector which has growing capacity in coming years like Telcom, tech, automobile banking etc.
Secondally, out of all the available option that Google comes up, the individual can look deep inside the stock holding tracker of each of the plan. I find www.moneycontrol.com quite safe to do the research.
Thirdly, upon analyzing, few plan, the individual, can look into the historical chart of last 5 or 10 years to see the growing prospect of the scheme. And the return that it has given to investors. Again I feel www.moneycontrol.com is the best to get a drill down for all thr analysis.
These few steps does help me previously and now again I followed the same for my nephew. A little effor could help to make a decision and then do the investment as per their capacity and funds avaaibality. It is important to note that the investment does not exceed your capacity. Also all mutual funds related investment are market based so keep them investmed and do not panic soon. Give time to let them grow gradually.
The rewards earned on this comment will go directly to the people( @steemflow ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.