Useful tips

Which fund is best for SIP for long term?

Which fund is best for SIP for long term?

The table below shows the best equity funds:

Mutual fund 5 Yr. Returns 3 Yr. Returns
ICICI Prudential Technology Fund – Direct Plan – Growth 35.43\% 46.41\%
ICICI Prudential Technology Fund 34.27\% 45.16\%
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan 34.5\% 44.93\%
TATA Digital India Fund DIRECT Plan Growth 36.41\% 44.38\%

Is SIP good for long term?

It is an excellent way to create a long-term savings habit. It helps in creating a large corpus for the future Financial goals. In a SIP, a fixed amount is invested monthly in a fund on a specific date by the investor. Systematic Investment Plan helps you to average your purchase cost and maximise returns.

Is SIP safe for long term?

Is SIP good for the long term? Yes. In fact, it is better to invest in SIP for the long term. Instead of waiting and accumulating money to invest, you start investing whatever amount you are able to save.

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Is SIP long-term or short term?

Timeframe for Mutual Fund SIP: To be very honest, doing Mutual Fund SIP for the long term will only work for the investors. But, as far as practicalities are concerned, you need to commit Mutual Fund SIP for the short-term.

Should I invest in Parag Parikh long term equity mutual fund?

I wrote the PPFAS mutual funds review so that I’d have a resource to point to people when they ask why I invest 50\% of my equity investments in this fund. Do not invest in Parag Parikh Long Term Equity Mutual Fund or any other mutual fund because someone does the same. Do your own research to understand if it suits you.

Should you invest in SIP or systematic investment plan?

These are some of the common questions that occur in the mind of investors when thinking of investing in Mutual Funds through a SIP or Systematic Investment plan. SIP investment is one of the most disciplined Investing options when investing in Mutual Funds. Moreover, the minimum amount of investing in a SIP Mutual Fund is as less as INR 500.

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Is Parag Parikh AMC Aum hungry?

Parag Parikh AMC is not AUM hungry! They clearly tell that their product is not for those whose investment horizon is less than 5 years. This is yet another sign of being investor friendly-ness. Parag Parikh Fund House and also their one and only Equity scheme Parag Parikh Long Term Value Fund.

Is PGIM India diversified equity fund a good investment?

PGIM India Diversified Equity Fund is a Equity – Multi Cap fund was launched on 4 Mar 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.1\% since its launch. Return for 2020 was 35.9\% , 2019 was 10\% and 2018 was -7.9\% . Growth of 10,000 investment over the years.