The systematic investment plan (SIP), a tool that helps you build a portfolio in mutual funds through regular contributions, is a tried and tested route for at least the past 15 years. What an SIP does is allocate your money at a predefined frequency into a mutual fund scheme of your choice. Other than getting you invest regularly, an SIP also evens out the noise or the short term ups and downs in market prices. This is especially relevant for equity-oriented schemes as daily prices are impacted by changes in market value led by sentiment.
Small-cap mutual funds' assets soar 83% to Rs 2.43 lakh crore in FY24 on retail investor boom
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