Answer by
Mr. Srikanth Meenakshi,
Co-founder,
Staying calm and keeping on with investing is the
best way to accumulate wealth over the long term.
There are many ways to start an systematic
investment plan (SIP).
If you are reasonably comfortable with
technology, using online channels -be it directly with asset management
companies (AMCs) or through service providers - might be the most prudent course.
If not, you can also approach financial advisers
or mutual fund offices to get started.
The process involves a one-time identity and
address verification process (know-your-customer or KYC process), and providing
a bank mandate for automatic monthly investments.
When it comes to choosing schemes, there is no
single best plan and a better approach is to put together a small basket of 2
to 3 mutual fund schemes, split your monthly investment between these, and
review this set (portfolio) once a year to make sure that they are still good.
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| Mr. Srikanth Meenakshi, Co-founder, FundsIndia.com |
For your purpose, a small set of funds comprising
of Franklin India Blue Chip, HDFC Top 200, and ICICI Prudential Discovery would
make a good starting point.
I want to invest 5000 thousand p m for 20 years guide me for choosing a good plan
ReplyDeleteI want to start sip of 5000 pm which plan is best
ReplyDeleteI want to invest 5000 thousand p m for 20 years guide me for choosing a good plan
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