Thursday, May 10, 2018

How to find out which SIP is best in India for investing?

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Which SIP is Best in India | Image Resource: freepik.com

You can invest in mutual funds to reach your financial goals. You can invest in mutual funds by means of Systematic Investment Plan (SIP). SIP is a tool which allows you to invest a fixed amount of money in mutual funds periodically.

There are many mutual fund products available. To find which sip is best in India you should consider a few points. First you should identify your goals. You should then invest to reach your goals. Your goals can be short term goals or long term goals. Once you have decided your goal you can draw a plan to meet your financial needs in the required time frame. You can invest in a disciplined way to reach your goals.

You have to decide your risk appetite. You should not invest without knowing your risk tolerance. To reduce the risk of loss you can diversify your investments. You can diversify your investments across equity, debt and gold. The risk in one asset can make up for the loss in another asset.

You have to find the mutual fund products that suit your needs. They should also fit your risk appetite and the investment time frame. Depending on your requirements you should select the right product to invest. Considering the above points while investing will help you find the best sip for investing.

Kotak Mutual Fund offers financial advisors who can guide you to invest in the best funds as per your requirements. 

Features in SIP
There are different feature in SIP. One is the SIP Booster facility and the other is the Flex SIP. 

The SIP Booster facility allows you to increase your SIP installment amount at predefined intervals. It is useful if you want to increase your SIP installment amount. You can begin your SIP with a small amount and increase it later on. You can register for this facility and then increase your SIP installment amount after an interval of 6 months or 1 year. This facility gives you the investment flexibility for the entire tenure of the SIP.

The Flex SIP allows you to invest automatically the regular SIP when the market is high and a higher SIP amount when the market is low. The SIP is invested regularly but the amount of the SIP invested depends on the market valuation.

Kotak Mutual Fund offer both these facilities to its investors. You have to register for the SIP Booster facility at the time of registering for the SIP.

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