Quick Answer: How do I choose a SIP for investment?

How do I choose the right SIP?

These are the following things you need to keep in mind while selecting a particular SIP:

  1. The mutual fund that you have chosen has been in market for at least from the last five.
  2. The mutual fund you are planning to invest into should be operated by your bank. …
  3. The “fund house” chosen by you is reputable and recognizable.

Which SIP is best for investment?

Best SIP Plans for the Year 2022

Fund Name Monthly Investment 5 years Return
DSP Equity Fund 5000 14.36%
Franklin India Focused Equity Fund 5000 15.78%
HDFC Balance Advantage Fund 5000 13.47%
ICICI Prudential Bluechip Fund 5000 15.69%

How do I choose a SIP portfolio?

Choose a SIP investment suiting your Financial goals. For example, if your goal is short-term (if want to buy a car in the next 2 years), you should invest in Debt Mutual Funds.

  1. Analyse your financial goals.
  2. Choose a timeline of investment.
  3. Decide the amount you wish to invest monthly.
  4. Select the best SIP plan.

How can I start investing in SIP for beginners?

How To Start SIP Investment

  1. Step 1: Complete your Know Your Customer (KYC) formalities. To invest in mutual funds—whether through an SIP or otherwise—you will first need to become KYC-compliant. …
  2. Step 2: Register for an SIP. …
  3. Step 3: Select the right SIP.
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Which SIP is best for 5 years?

Large-Cap Schemes

Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
Aditya Birla SL Top 100 Fund (G) Rs.9,43,785 18.53%
ICICI Pru Dynamic Plan (G) Rs.9,46,152 18.64%
ICICI Pru Top 100 Fund (G) Rs.9,41,591 18.43%
Quantum LT Equity Fund (G) – Direct Plan Rs.9,15,695 17.27%

Is SIP tax free?

If a SIP of an equity fund is held for less than 12 months, there will be short-term capital gain taxable at 15%. But if a SIP of an equity fund is held for 12 or more months, then there will be long term capital gain taxable at 10% in excess of Rs. 1,00,000/-.

Which SIP should I invest in 2021?

Top Performing SIP Mutual Funds to Invest in Nov 2021

Fund Name Category 1 Year Returns
Mirae Asset Tax Saver Fund Equity Linked Tax Savings Fund 46.10%
Canara Robeco Equity Taxsaver fund Equity Linked Tax Savings Fund 47.00%
UTI Nifty Index Fund Index 36.60%
HDFC Index Nifty 50 fund Index 36.30%

Can sip make you rich?

SIPs earn you money through the power of compounding. Investing a small amount of money for a longer duration can get you good returns. By investing a small amount at regular intervals you can build a large corpus and meet your long-term financial goals.

Is SIP better than mutual fund?

SIP can be considered as a better route to achieve the financial plan and investment goals. Mutual funds provide an investor with an option either to reinvest the earnings or returns. If instead of withdrawing an investor reinvests in the same plan he can enjoy the benefits of power of compounding.

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Which app is best for mutual fund?

Best apps for tracking your investments in India

  • myCams Mutual Fund App. myCAMS gives you a 360 view of your portfolio that is connected to your PAN. …
  • KfinKart. This multi-feature app allows a one-touch login. …
  • Money Control. …
  • Zerodha’s Coin. …
  • ET Money. …
  • Groww.

What is Blue Chip Fund?

Blue chip funds are equity mutual funds that invest in stocks of companies with large market capitalisation. These are well-established companies with a track record of performance over some time.