News From Press Give last few instalments of SIP time to grow before withdrawing entire sum

Give last few instalments of SIP time to grow before withdrawing entire sum

Source: Mint Sep 19, 2019

I earn about ₹70,000 each month and I have just one monthly EMI of ₹15,000. I am planning to invest some amount in systematic investment plans (SIPs). I want to invest in schemes that can give me good returns in the next five years. Could you suggest good schemes to invest in?

—Lokesh

SIPs are well-suited for long-term investments—especially those where one invests for seven to 10 years and waits for some more time before starting to withdraw, ideally using a systematic withdrawal plan (SWP).

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