Best SIP Plan in Mutual FundPosted by jigneshshah on April 28th, 2018 Do you want to invest money and gain profit at the same time? Then, SIP would be the right choice. Systematic Investment Plan is best suited for those who wish to save money and reap higher returns. There are many SIP schemes and one must find the best one to suit his/her requirements. By investing in the right SIP, you will be able to reach your financial goals without hassles. It is one of the known facts that equity investments offer long-term benefits when compared to any other scheme. When you invest money for a long period of time, you will get higher returns. There are also schemes which offer benefits for a short period of time. Choosing the best SIP plan in mutual fund can be a daunting task for newbies. There are many online firms that provide excellent guidance on how to make investments and gain profit. Best SIP Plan in Mutual Fund If you are wondering which SIP to choose, then you need to follow some steps. The first and foremost thing is to set a financial objective. This will help you plan accordingly and choose the right plan. With the help of a SIP calculator, you can calculate the estimated returns for the specific amount you invest. Almost all mutual fund sites provide SIP calculator which can be accessed easily. All you need to do is provide basic information such as the amount you want to invest, term of investment, rate of interest and other related details. When it comes to choosing the best SIP plan for mutual fund, it is always advisable to choose among three types – equity based funds, income based funds and ultra short term funds. These plans differ according to the time period, amount invested, risk factor, etc.
How to open a SIP account online? Customers who wish to open a SIP account online can do so easily at just the tender touch of a mouse button. By providing some basic inputs, you will be able to create an account within a few minutes. You can also get help from financial advisors on which SIP scheme would best suit your financial goals. Like it? Share it!More by this author |