How To Find the Top Sip’s to Invest?
SIP stands for systematic investment planning. When we were kids we would use our piggybank to store our savings and similarly today you can start SIP as your old piggybank which helps you save every month from your income. It is a disciplined way of investing and helps you save as well as reach your financial goals earlier than you thought. You can start SIP without breaking your household budget and you can invest as low as Rs. 500. You can invest a fixed amount at regular intervals in funds or schemes which are best for you and you can easily compare and choose the best mutual funds according to their risk profile. It also takes into account whether the market is volatile or stable and divides your investment in bearish and bullish stocks to protect your interest. Investing in SIP’s is a better choice than investing in markets because it understands your risk appetite and covers your risk. If you are a beginner then you can start SIP with Kotak Mutual Fund because here you can find the right combination of funds that can provide you high and secured returns.
Here are some tips to find the top SIP to invest in-
1. Track the performance- A lot of investors neglect past performance of funds and invest blindly in SIP’s on word of mouth. You should find out the factors that affect the performance of the fund and how does it perform in different market conditions.
2. Due Diligence- Before you commit to an SIP for monthly payment out of your salary or income it is important to do your research. You need to find the top SIP to invest in on Kotak Mutual Fund’s official portal and you can also find out reviews from reliable newspapers, credit rating and experience market investors to know more about different funds and schemes.
3. Expense Ratio- Check whether the fund’s expense ratio is justified or not. The performance of the fund should justify the exorbitant expense charges the fund would charge.
4. Diversification- If you want a higher risk portfolio or have a higher risk appetite then invest in portfolios that have more concentration of equity funds, but if you have a moderate risk appetite or low risk appetite then go for SIP’s which have both equity and debt in their portfolio.
Kotak Mutual Fund has funds that have funds multi cap exposure meaning asset allocation is such that it is exposed to large cap as well as mid cap market. So choose the best SIP today and secure your retirement.