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Investors have now increased their investment in mutual funds due to rapid interest rates on FD. According to the data, a total investment of Rs 50 thousand crore has been made through SIP since January.
The Central Government started the National Pension System in January 2004 for government workers. In the last 5 years, many pension funds are giving more returns than FD.
New Delhi. In this crisis of Corona, where it has become very difficult for the common man to save. At the same time, investors have suffered a major setback due to decrease in FD-Fixed Deposit. Experts say that investors have now increased rapid investment in Mutual Funds SIP. According to the data, in the first six months of 2020, investment of more than Rs 50,000 crore has been made due to investment through SIP. This is 3 percent higher than last year.
Asif Iqbal, the research head of SCOT Security, says that SIP investment has increased due to the rise in the stock market. In the last one month, along with DSP Top-100 as well as Axis Blue Chip, BNP Pariba has given 15 percent return. Let us tell you that the Systematic Investment Plan allows you to put a fixed amount in the mutual funds scheme of your choice every month.
Start Mutual Funds SIP like thisIf 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. Whether the market boom or recession your money goes to mutual funds. For example, if you decide to put a certain amount in a mutual fund scheme every month, then you will not have to take a separate time for this.
Keep the necessary documents ready, you should have some important documents to start SIP. These include PAN card, address proof, passport size photograph and check book.
The check book is because it also contains your account number. Now it has become necessary to link Aadhaar to its mutual fund investment by 31 March.
KYC is essential to start investing in mutual funds, no your customer (KYC) is mandatory. You have to give necessary information like name, date of birth, mobile number, address etc. You only have to give this once.
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Online can also complete the process of KYC i.e. e-KYC. You can complete the process of e-KYC by going to the Birla Sun Life Mutual Fund, Quantum Mutual Fund besides Cams (CAMS) and Karvi’s website.
You have to upload basic information and soft copy of PAN and address proof. After this there will be a video call schedule, through it your physical presence will be tested.
You can also complete the process of e-KYC through Aadhaar number. However, it has a maximum of 50 thousand investment limit in a fund house.
You can raise 5 crores, future will be safe
It is necessary to start investing at an early age: To raise large amounts of money in future, it is most important to start investing in appropriate investment instruments at an early age.
For example, if someone does a 20-year planning at the age of 24-25 years and then invests in a disciplined manner, there is no doubt that he would raise the amount he had planned when he reached close to the age of 45.
SIP is a good way- Stock market continues to fluctuate, despite this SIP is a way that you can expect to raise the targeted amount in the stipulated time. On average, you can expect 12 to 15 percent returns from the money incurred in mutual funds.
Investment depends on returns- In the event of getting 15 percent returns, you will have to deposit Rs 33,000 every month to raise Rs 5 crore in 20 years. On the other hand, if 12 percent returns are expected, which is a little practical, then you will have to deposit about Rs 50,000 per month to raise Rs 5 crore in 20 years.
Selection of two-three mutual funds only- Often two to three mutual funds are selected better. By limiting your portfolio to two-three, you can manage them well. In this process, with the help of financial experts, you can choose better track records and good returns with good returns, midcap, infrastructure schemes etc.