News From Press The best time to start an SIP

The best time to start an SIP

Source: Mint Jan 19, 2022

At 43, Damodar Jayaram Shenoy G. has accumulated ₹3 crore through his mutual fund holdings and earmarked it for his retirement. The Mangalore-based IT professional has achieved this feat through a simple step–he started investing early. “I started SIPs (Systematic Investment Plan) of ₹2,000 in two equity mutual funds at the age of 25. It formed 20% of my salary at that time," said Shenoy.

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