5 myths about mutual funds SIP: 1. SIPs are only for long term investors: SIPs support both short- and long-term financial objectives, even though they are best suited for long-term asset growth. Investors have the freedom to customize their SIP tenures to their specific goals, whether they short, medium, or long term, which helps them reach their financial objectives. 2. Large amount is required to invest: You can start your SIP with minimum amount of Rs 500 per month. It's about consistency and not the amount. 3. SIP is only for equity funds: This is untrue since many investors find that choosing the SIP path makes sense, especially for non-equity funds where there is less concern of volatility. It instills in you a disciplined approach to investing and conserving money, as well as helps you avoid wasting money on pointless materialistic items. 4. Do not invest in SIP when market is on the bull run: SIP is a long-term process, and the market won't stay the same for a long time; it fluctuates or, in other terms, is volatile. In the long run, the recent market changes won't affect a high margin. 5. SIPs have longer lock-in periods: The lock-in period in mutual funds is the period during which you cannot redeem the units post-purchase. It means you have to stay invested in a mutual fund for this minimum period. It varies depending on the type of mutual fund you invest in. Since SIP is a method of investing and not a fund in itself, there is no lock-in period linked to an SIP. #mutualfunds #sip #investment #myth
Pratiksha Sarda’s Post
More Relevant Posts
-
This article will explore what a mutual fund is and the various types of mutual funds and gain insights. https://lnkd.in/gjVY4x7s
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/4ajDZEm #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
Jose Luis Maceira Montoya- Staff Manager - Registered Representative- Western & Southern Life
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/3XIJvgn #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/4drxNft #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/3UMcoFa #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/3xtpzDe #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/43DfY8C #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
Purpose-Driven Christ Follower, Husband, & Steward. Registered Representative at Western & Southern Life.
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/3VVX3UB #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/3xhluBN #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
-
With more than 7,000 mutual funds to choose from, deciding which one to invest in can feel daunting. The article below lays out 5 quick considerations that can help you make the right decision when selecting a mutual fund. https://bit.ly/4afELC8 #WesternSouthernFamily
How Do Mutual Funds Work?
westernsouthern.com
Consulting Intern - GEP Worldwide | Member - Placement Committee, SIMSREE '25 | COEP'23 | KSPG Automotives
6moVery Insightful!