How much you can earn from SIP?
On how much one can expect to get in return after investing for near 30 years in mutual fund SIP; SEBI registered tax and investment expert Jitendra Solanki said, “One can expect at least 12 per cent over all return or 10 per cent post-tax return on one’s investment in such a long-term time horizon.” Solanki said that …
Can someone become rich from mutual funds?
The answer is YES. Anyone can become a rich by investing in mutual fund. One can achieve the Financial Freedom. PATIENCE is the key which can help you to create great amount of wealth.
Why is SIP bad?
Systematic investing can help avoid timing of markets. The unexpected fallout is that emerging affluent investors are afraid of making one-time investments in equity markets and mutual funds. Overdoing the SIP logic can be bad for an investor’s portfolio because it may keep her significantly under-invested in equities.
How can I get rich by SIP?
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.
Can sips help you become rich?
The reason why SIPs help you become rich is that it requires you to invest periodically. There is no option but to set aside a fixed sum every month towards SIPs. Therefore, you become financially disciplined by choosing the SIP route. The key to growing your wealth is to start early and make regular investments.
Why should you start your SIP in mutual funds?
Below are some of the reasons to start your SIP in mutual funds if you want to become rich: Regular investment is essential for wealth creation. And SIP helps you regularize your investment.
How to become financially disciplined by choosing the SIP route?
Therefore, you become financially disciplined by choosing the SIP route. The key to growing your wealth is to start early and make regular investments. With SIPs, the minimum amount required to start an investment can be as low as Rs 500 a month. Even first time investors can create wealth by investing a small amount month.
What is ECS and SIP and how does it work?
And SIP helps you regularize your investment. You can initiate ECS on your bank accounts and also give your bank a standing instruction to invest a certain amount every month automatically in SIP mutual funds. It is quite easy and simply to automate your investments, which otherwise most of us tend to miss amid our busy schedules.