These SIPs can be started from as minimum as Rs 500 and it can go up to any maximum amount. If someone invests only Rs 1000 every month through SIP for 20 consecutive years, then in 20 years, you can deposit a corpus of up to Rs 20 lakh.
Fund query: How to plan SIPs when you have home loan EMIs
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I am 33 years old, and had been investing in MFs through the SIP route. I was planning a for long-term investment, mainly towards a retirement corpus. But two years ago, I decided to purchase a premium apartment by a very reputed builder. Since then, I have had to temporarily stop my SIP investments to manage the down-payment, EMIs and other related expenses. I currently have investments in Axis Bluechip, Kotak Multicap, ICICI Prudential Large & Mid Cap, Aditya Birla Sun Life Equity Growth, and L&T Midcap. I wanted to know if I should exit/switch from the underperforming funds. Also, recently, I started investing ₹10,000 a month in NPS as I thought it a good choice for retirement. I plan to continue SIPs in Axis Bluechip. Should I make any changes to my plan?
Equity MFs see outflow for 8th straight month in Feb on profit-booking
However, investors put in Rs 1,735 crore from debt mutual funds last month, thanks to the net inflows in liquid, low duration and money market funds. In January, the segment saw a net outflow of Rs 33,409 crore, data from the Association of Mutual Funds in India (Amfi) showed on Tuesday.
Equity MFs log Rs 10,147 crore outflow in December, industry asset base surpasses Rs 31 lakh crore-mark
Equity mutual funds continue to witness net outflow for eighth months in a row as the segment saw a withdrawal of Rs 4,534 crore in February on profit-booking by investors amid sharp market rally.
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I have saved ₹12 lakh from my salary. The funds are in a savings bank account. Due to extreme volatility in markets, I have not invested this sum. Markets are at all-time highs. These funds are needed only in 2028 and 2030. Can I request your guidance on how and where to deploy this lump-sum amount? I am not concerned about volatility, since its normal in equity/MF investment. My concern is entry time and fear of buying at high prices, which may impact the returns.
Balaji, Bengaluru
Though holding funds in a savings bank account preserves your capital, it does very little in terms of making your money grow. Today, a savings account with SBI, for instance, fetches 2.7 per cent interest for any amount above ₹1 lakh. Yes, private banks such as Kotak Mahindra Bank offer a higher 4 per cent on savings accounts with a balance of over ₹1 lakh. But even this is not surely tempting enough to leave funds idling in bank accounts as the returns may not match inflation.
Updated Mar 02, 2021 | 06:11 IST
Here are the key points to keep in mind when you are starting your mutual fund investment journey Planning to invest in mutual funds? Here is how you can start
New Delhi: Mutual Funds are often the preferred investment vehicle for first-timers and experts alike, irrespective of their asset class preferences and risk appetites. People usually invest in mutual fund schemes because these are easy to understand, transparent, carry the potential to generate desired returns and don’t require them to be an expert when they start investing. However, that doesn’t mean you should invest in a mutual fund without any knowledge about what you are doing. Unmindful and thoughtless investing in mutual funds could easily result in serious mistakes that can ruin your investment goals.