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:
- Step 1- Understand your Risk Appetite and the Objective of Investment.
- Step 2- Choose a Mutual Fund for your Investment.
- Step 3- Select the Date of SIP.
- Step 4- Decide on the Duration of SIP.
- 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% |