Wish you a happy new year !!!!!!!!! Hope this New Year all of you make more money investing…
Points to consider before investing in SIP
Time horizon - To enjoy the benefits of SIP stay invested for a long term. Three years and above…
Period of investment - can vary from 6 months to year or more. Sign up for a new SIP as soon as you finish – try to increase amount of investment when you restart SIP.
Amount - Minimum is Rs 1000/- or more, which ever is comfortable and will not feel a pinch in your budget. Increase amount of investment gradually or annually when you get your increments.
Choosing the scheme - Ideally equity funds for those who are planning to stay invested for long term (2 years and above)
Advantage of SIP is you can withdraw sums as and when you require but route to success is to be disciplined, invest regularly and stay invested…
I have always spread my risk over 2-3 funds. One can choose to do the same if they are investing Rs3000/- or more on a monthly basis.
The top choice for SIP by financial advisors are: HDFC top 200, Franklin Templeton Prima, Franklin Templeton Bluechip, HDFC Long term advantage, DSP Midcap
Here are a few links which can help you decide how much to invest over a long period to accumulate a million!!!!!!!!!!
http://www.kotaksecurities.com/calc/bancrorpati.html
http://www.ecst.csuchico.edu/~chetan/cgi-bin/sip.html
http://www.arihantcapital.com/knowledge-centre/Calc.aspx
Following link will help you calculate return on any of your MF investment
http://www.bluechipindia.co.in/Bluechipnew/Products/MutualFunds/frmSIPCalc_display.aspx
Start early to benefit……
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