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Can SIPS make you rich?
If you invest just Rs 10,000 per month in an equity fund through SIP for 30 years, you can accumulate a corpus of Rs 3.53 crore. The power of compounding grows wealth and makes you rich.
Which is the best SIP plan to invest?
The table below shows the best equity funds:
Mutual fund | 5 Yr. Returns | Min. Investment |
---|---|---|
ICICI Prudential Technology Fund – Direct Plan – Growth | 34.46\% | ₹5000 |
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 33.94\% | ₹1000 |
ICICI Prudential Technology Fund | 33.31\% | ₹5000 |
TATA Digital India Fund DIRECT Plan Growth | 35.44\% | ₹5000 |
Which company is best for SIP investment?
The table below shows the best equity funds:
Mutual fund | 5 Yr. Returns | Min. Investment |
---|---|---|
ICICI Prudential Technology Fund – Direct Plan – Growth | 34.49\% | ₹5000 |
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 34.04\% | ₹1000 |
ICICI Prudential Technology Fund | 33.34\% | ₹5000 |
TATA Digital India Fund DIRECT Plan Growth | 35.52\% | ₹5000 |
What are the benefits of SIP in mutual funds?
It reduces your effort to manage the SIP investment. SIP offers leverage of the Power of Compounding leading to desired returns over time. There are different Types of Mutual Funds for SIP that include equity, debt, balanced and ultra- short term funds. However, Equity Mutual Funds offer maximum returns when invested via a SIP.
Are systematic investment plans (SIPs) the best way to invest?
The last five years have seen an influx of new investors into mutual funds, and systematic investment plans (SIPs) have emerged as a popular vehicle for investing savings in equities. Among the diversified, actively-managed equity mutual fund schemes, the ones that delivered the best returns were focused on growth and quality.
What is the difference between SIP and lump sum investment?
While making a lump sum investment in a mutual fund a certain number of units are purchased by the investor all at once, in the case of a SIP the purchase of units is done over a long period and these are spread out equally over monthly intervals (usually).
How many years should you invest in mutual funds?
Financial planners recommend this to investors using the SIP route with a time frame of 5 years and above. Download The Economic Times News App to get Daily Market Updates & Live Business News.