What is Systematic Investment Plan?

A Systematic Investment Plan (SIP), more popularly known as SIP, is a facility offered by mutual funds to the investors to invest in a disciplined manner. SIP facility allows an investor to invest a fixed amount of money at pre-defined intervals in the selected mutual fund scheme.

What is best Systematic Investment Plan?

Best SIP Plans for the Year 2022

Fund Name Monthly Investment 1 Year Returns
DSP Equity Fund 5000 31.90%
Franklin India Focused Equity Fund 5000 80.39%
HDFC Balance Advantage Fund 5000 55.65%
ICICI Prudential Bluechip Fund 5000 59.24%

Which SIP is best for 1000 per month?

Best SIP Plans For 1,000 Per Month

Fund Name Fund Type Risk Profile
SBI Flexicap Fund SIP Equity Fund Very High Risk
Mirae Asset Tax Saver Fund SIP ELSS Fund Moderately High Risk
Aditya Birla Sun Life Digital India Fund SIP Equity Fund Very High Risk
Kotak Opportunities Fund SIP Equity Fund Very High Risk

How do I start a Systematic Investment Plan?

Step-by-Step Guide to How to Invest in SIP in India:

  1. Step 1- Understand your Risk Appetite and the Objective of Investment.
  2. Step 2- Choose a Mutual Fund for your Investment.
  3. Step 3- Select the Date of SIP.
  4. Step 4- Decide on the Duration of SIP.
  5. Step 4- Decide Whether you want to Invest Offline or Online.

Is systematic investment plan safe?

Is SIP safe or not? SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund lump sum, depending on the market condition, you could end up paying a very high price for a mutual fund. To avoid this, you should invest in mutual funds when the markets are not overvalued.

Which is better FD or SIP?

The money is typically invested in an equity mutual fund scheme. If you are new to the world of mutual funds, an SIP is one of the best investment options for you….SIP vs FD.

Parameters Fixed Deposit Systematic Investment Plan
Type of investment In lump-sum In installments
Liquidity High Low/Medium
Risk factor Low High

Which bank is best for SIP investment?

5 Best Banking Funds SIP To Invest In India 2021

Banking Mutual Funds 1 Year Return 5 Years Return
SBI Banking & Financial Services Fund 83.11% 20.01%
Tata Banking and Financial Services Fund 71.13% 19.5%
Invesco India Financial Services Fund 74.97% 18.25%
Sundaram Fin Services Opp Reg 81.58% 16.63%