Common Mistakes to Avoid While Selecting SIP Amount

 


Disregarding inflation


Underestimating your future financial requirements can result from failing to account for inflation. Always take inflation into consideration to stay on track with your objectives.

Overspending on investments


Even while it can be tempting to invest aggressively, doing so can put a strain on your finances. Select a SIP contribution that is in line with your income and outgoings.

Neglecting the Diversification of a Portfolio


It can be hazardous to put all of your SIP money into one fund. To reduce risks, diversify your investments among various fund categories.


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