News From Press Don’t invest randomly. Here’s how to choose the correct SIP amount

Don’t invest randomly. Here’s how to choose the correct SIP amount

Source:Mint Sep 6, 2023

When you started investing in mutual funds, your first brush was with tax-saver ELSS funds. And maybe you started with a small monthly systematic investment plan (SIP) of a few thousand (say ₹3,000-5,000) to test the waters. In a few years, you saw the growth (potential) of mutual funds and decided to invest more. And now, you invest ₹15,000-20,000 per month.

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