News From Press Mutual funds: How to become crorepati via SIP without annual step-up

Mutual funds: How to become crorepati via SIP without annual step-up

Source: livemint Aug 18, 2023

What is your target of making ₹1 crore? Five years, seven, ten, twelve, or fifteen years? Money experts say that investment in mutual funds via a systematic investment plan (SIP) works wonders in the long term since investors get the benefit of compounding. If Mutual Fund (MF) investors want to become crorepati via SIP without an annual step-up, then it is very much possible, in how many years will depend upon the amount they wish to invest.

Click to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

7 best practices to keep your money safe from fraudsters

How can debt PMS fit in your investment portfolio?

Budget 2024: Will the indexation benefit on debt mutual fund be back?

Staggered bets in multi-asset MFs look apt amid bullish sentiment

India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report

Simplify investing: Allocate bulk of core portfolio to broad index fund

Sensex tops 80,000 level for the first time, what should be MF investors strategy?

Mutual Funds: What are passive funds and how do they simplify equity investing?

How does inflation affect your savings & investments?

Lights, Camera, Finance: 4 must-watch movies for money lessons

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS