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Start investing in mutual funds with SIP, will be a big benefit in the long term

by "Manish Maurya"    05 Sep 2020, 04:30 PM
Start investing in mutual funds with SIP, will be a big benefit in the long term

Due to the Coronavirus Epidemic, there is a huge decline in global economies. Globally slowdown in the economy, there is a huge up and down in the share market. Experts say that investors should take advantage of the ups and downs in the stock market, investors can begin investing in mutual funds. According to mutual fund experts, investors can get huge benefits in the long term by investing in mutual funds (MF) with SIP.

A systematic Investment Plan (SIP)  can be a good option for investing in mutual funds. SIP is considered the best way to invest in Mutual Fund in the monthly system.  Through SIP, a fixed amount is invested in a fixed time interval. Which investors get used to starting monthly savings. A lot of mutual funds can be made in the long term through SIP. 

In SIP, the money deducts directly from your registered bank account to the mutual fund (SIP) company.  Apart from this, every month there is a chance to choose anyone for SIP on many dates or can be chosen fix date for each month. An investor has a full authority to decrease or increases the SIP amount at any time. If the investor needs money at any time, He can withdraw some money in between. It does not matter that it keeps moving. Not only this, but SIP can also be done for any time. Investors through the SIP can start from a minimum of 500 rupees or 1 thousand rupees of any companies but there is no maximum limit. Investors can have statements whenever they required. The statement will be also updated until the same day.
Investors can know the value of their investment daily.  All mutual fund companies declare the Net Asset Value (NAV) of each of their schemes every day. NAV change every day it means the price of NAV is changing every day. Investors can also choose for the Dividend option in Mutual Fund schemes if they wish. 

Important documents which are required for investing:

  • Address proof (Adhar Card)
  • Identity proof (Election Card or Passport)
  • Bank account 
  • Bank cheque  
  • Pan Card   

Instructions: investor must consult their financial advisor before investing or investigate yourself.