This year Indians invested maximum money here, invested Rs 50 thousand crores, you also have the opportunity to earn.

New Delhi. In this Corona crisis, it has become very difficult for the common man to save. At the same time, investors have got a big shock due to the decrease in interest rates on FD (Fixed Deposit). Experts say that that is why investors have now rapidly increased investment in mutual funds SIP (How to Invest in SIP). According to data, in the first six months of 2020, more than Rs 50,000 crore has been invested through SIP. This is 3 percent more than last year.

Asif Iqbal, Research Head, Escort Security, says that SIP investment has increased due to the rise in the stock market. In the last one month, DSP Top-100 along with Axis Blue Chip, BNP Paribas have given returns of 15 percent. Let us tell you that Systematic Investment Plan allows you to invest a fixed amount every month in the mutual fund scheme of your choice.

Start mutual funds SIP like this-If you want, you can also invest every week through SIP. Discipline is very important in investment. SIP maintains discipline in investment. Apart from this it continues to invest regularly. Be it boom or recession in the market, your money keeps going into mutual funds. For example, if you decide to invest a fixed amount every month in a mutual fund scheme, then you will not need to set aside time for this.

Keep important documents ready. To start SIP, you should have some important documents. These include PAN card, address proof, passport size photograph and check book.

Check book because it also contains your account number etc. Now it has become mandatory to link Aadhaar with your mutual fund investments by 31st March.

KYC is necessary: ​​Know Your Customer (KYC) is mandatory to start investing in mutual funds. You will have to provide necessary information like name, date of birth, mobile number, address etc. You have to give this only once.

read this also-Good News! This bank will open 24 hours on WhatsApp, many services will be available on one message

You can also complete the KYC process online i.e. e-KYC. Apart from Birla Sun Life Mutual Fund, Quantum Mutual Fund, you can also complete the e-KYC process by visiting the websites of CAMS and Karvy.

You have to upload basic information and soft copy of PAN and address proof. After this there will be a video call schedule, through which your physical presence will be checked.

You can also complete the e-KYC process through Aadhaar number. However, there is a maximum investment limit of Rs 50,000 per year in a fund house.

You can raise Rs 5 crore in this way, your future will be secure.

It is important to start investing at an early age: To accumulate a large amount of money in the future, it is most important to start investing in suitable investment instruments at an early age.

For example, if someone plans for 20 years at the age of 24-25 and then invests in a disciplined manner, then there is no doubt that by the time he reaches the age of 45, he will accumulate the amount that he had planned for. Had planned.

SIP is a good way – There are fluctuations in the stock market, despite this, SIP is a way by which you can hope to raise the targeted amount in the stipulated time. On an average, you can expect 12 to 15 percent returns from the money invested in mutual funds.

Investment depends on returns – In case of getting 15 percent return, you will have to deposit Rs 33,000 every month to accumulate Rs 5 crore in 20 years. Whereas if 12 percent return is expected, which is somewhat practical, then you will have to deposit around Rs 50,000 per month to accumulate Rs 5 crore in 20 years.

Select only two to three mutual funds – Often it is better to select two to three mutual funds. By limiting your portfolio to two-three items, you can manage them well. In this process, with the help of financial experts, you can select small cap, midcap, infrastructure schemes etc. with better track record and good returns for investment.

Tags: mutual fund, mutual fund investors, mutual funds, Returns of mutual fund SIPs

Related articles