You can invest in mutual funds to reach your financial goal of owning a house or car or go for higher education or retirement. Mutual funds offer a good investment option. One of the ways of investing in mutual funds is through Systematic Investment Plan (SIP).
Systematic Investment Plan (SIP) lets you invest a fixed sum of money regularly in mutual funds. When you invest regularly small amount of money over a period of time then you can reach your financial goal. SIP offers a simple and a disciplined way to invest.
To reach your goals you should invest the right amount regularly. The best sip plan in mutual fund is one that suits your requirements and helps you to reach your goals. You should invest the right amount regularly in order to reach your financial goal.
Kotak Mutual Funds offers financial advisors who can guide you to invest in the right funds. They help you to calculate the SIP amount which has to be invested regularly.
SIP advantages
There are many advantages of investing through SIP. They are:
Best SIP Plan In Mutual Fund | Image Resource : freepik.com
Different SIP strategies
There are different SIP strategies which you can follow to reach your financial goals. The SIP strategies are:
Simple SIP
In this you can invest a fixed amount of money for the entire duration.
Smart SIP
In this you can invest regular SIP amount if the markets are high and a higher SIP amount if the market is lower.
Growing SIP
In this you can increase your SIP amount with your growing salary. As your income grows you can invest more money.
Target SIP
In this you can invest to reach your goals. You just have to bridge the gap between the actual value and the target value.
Kotak Mutual Funds offers all the four types of SIP strategies to its investors. If also offers financial advisors who can help you choose the right SIP strategy to follow.