Jan 8, 2024, 04:25 PM IST
Mutual fund investment through Systematic Investment Plan (SIP) is emerging as a popular investment choice in India due to its disciplined and convenient approach. Here are five strategies you can implement to make the most of your SIPs.
Initiating investments in SIPs at an early stage can significantly enhance your returns over a period of 20 to 30 years.
Raising your SIP amount can help average out costs over time and take advantage of rupee-cost averaging. This means acquiring more units when the market is down and fewer units when it's up.
Define your investment goals, whether short-term or long-term, and invest accordingly in equity, ELSS, or debt funds.
Keep track of your mutual funds' performance every six months or a year; if some of them are not performing well, you may think of replacing them with better-performing ones in their categories.
Define your investment goals, whether short-term or long-term, and invest accordingly in equity, ELSS, or debt funds.
Don't rely on one kind of mutual fund; always keep a good mix of hybrid, flexi-cap, debt, contra, and ELLS funds in your portfolio to fight market volatility.
Zee Business suggests its readers to consult their investment advisers before making any financial decision.
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