Investing in mutual funds is subject to risk. But, the risk involved in investing in mutual funds is less compared to investing in direct equities. In this case, you can invest through SIP. Let us know the 5 biggest advantages of investing in mutual funds through SIP.
You do not need a huge amount to invest in mutual funds through SIP. In many such schemes of SIP, you can start investing with as little as Rs 100. This allows you to easily assess the risk and return on investment.
Regular saving and investing become a habit while investing through SIP. In this, you have to deposit a certain amount on a specified date. You prepare it in advance and you become a habit.
Investing in SIP is also easy as your bank account is linked to your investment account. Here a pre-determined amount is deducted from your account on a specified date.
Before investing in mutual funds, you need to complete the Know Your Customer (KYC) process. It should have identity proof and address proof. It also requires PAN and Aadhaar.
With the help of SIP calculator, you can get an idea of ​​the estimated fund. It is easy to get an idea of ​​the fund by knowing the estimated annual growth for the coming years based on the past performance of the fund.
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