How to invest in SIP, know what is the process
How to invest in SIP, know what is the process
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Most people are not aware of how to invest in SIP, Equity, Debt Fund, and Mutual Fund. The elder says that the youth should pay attention to investment from the very beginning.

What is SIP - SIP is called Systematic Investment Plan. Due to this, mutual funds can be invested in a fixed period. For this, the investor according to his convenience chooses the amount of his investment and when he wants to invest in it, which date is right for him. Many people also feel that SIP is either a mutual fund or is different from a mutual fund. At the moment, the truth is that SIP is a great investment style. It can basically be a great way to invest in the fund or scheme of your choice from time to time.

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At the moment, one thing is important to know that SIP investment works in the long run. Although a long-term SIP works in equity funds, it does not mean that you will be able to achieve your long-term financial goals. Long-term SIP works only if you can invest the right SIP amount for the goal.

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Think of it easily - At the moment, by investing some amount of money in a mutual fund SIP for only 15 years, you must be thinking that if you can get higher returns, this is not the right way. Before depositing a certain amount per month, calculate how much you should invest to reach your goal.

You can invest Rs 10,000 per month as a SIP for the next 15 years. If you can get a 10-12 percent annual return on this, then you can deposit Rs 41-50 lakh in 15 years. At the moment there is no doubt that you can get the benefit of long-term investment in SIP, but it did not happen as much as you wanted. Because your target was 1 crore rupees and you did not reach there. At the moment, the uptick in returns may depend on market performance and volatility.

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