Best SIP Plan in Mutual Fund

Posted 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.

• Equity based funds are suitable for clients who wish to gain long-term benefits. The scheme delivers higher returns over a period of five years.
• Income based funds are best suited for those who wish to get profitable returns within two to three years. The scheme provides consistent and average returns during the specified time period.
• Ultra short term funds are preferred by many as they have a short time period ranging from six months to a maximum of two years. Those who wish to gain safe returns opt for this type of mutual fund investment.

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.

The author likes to write about various topics related to mutual fund investments. Here the author has given an insight on the best SIP plan in mutual fund to attain profitable returns.