How SIP Works:
Choose a Fund: Select a mutual fund that aligns with your financial goals, risk tolerance, and investment horizon. Equity funds, debt funds, and hybrid funds are common choices. Set Investment Amount: Decide on the amount you want to invest each month. This can be as low as a few hundred rupees, making it suitable for most investors. Select Frequency: Choose the frequency of investment (monthly, quarterly, etc.). Monthly investments are popular for consistent growth. Automate Payments: Provide a mandate to your bank to deduct the investment amount from your account and transfer it to the chosen fund on the specified date. Watch Your Wealth Grow: Over time, your investments accumulate units in the fund. As the fund's net asset value (NAV) fluctuates, your portfolio value adjusts accordingly. Getting Started: Set Financial Goals: Define your short-term and long-term financial goals. This will help you choose the right funds and investment horizon. Risk Assessment: Understand you...