SIPs allow regular, fixed-amount investments in mutual funds, utilizing compounding and rupee cost averaging.
To reach a goal of Rs 60 lakh in 10 years, assuming an annual return of 12%, you would need to invest approximately Rs 30,000 per month.
Choose funds matching your goals, risk tolerance, and investment horizon.
Choose funds matching your goals, risk tolerance, and investment horizon.
Regularly review and adjust your portfolio to stay on track with your goals.
Consistency is key. Regularly invest and avoid premature withdrawals.
Mutual funds have risks despite potential high returns. Invest within your risk tolerance.