5 Smart Tips to Accelerate Your Financial Growth with SIP Investment Plan

5 Smart Tips to Accelerate Your Financial Growth with SIP Investment Plan

SIP investment plans are the most commonly used mutual fund plans when it comes to building long-term wealth for retirement. Before we talk about 5 tips to accelerate your financial growth with SIPs, it is very important to understand clearly what an SIP really is. SIP is just a “mechanism” to do your monthly recurring savings into mutual funds. But it is NOT the only mechanism and definitely not the best mechanism. Think about it, you save a certain portion of your monthly salary and invest it every month through SIPs. This essentially…Continue reading →
Are SIPs really the best way to invest in mutual funds?

Are SIPs really the best way to invest in mutual funds?

  There are 248 trading days in a year. With SIPs, you just invest on 12 out of those 248. If the purpose is cost averaging, then why invest just 12 times in a year? Why not every week, or for that matter why not every day? Also SIP is after all just an entry strategy. It governs when to invest. But what about exit? If your investment plan is premised only on SIPs and doesn’t have an exit strategy, it’s akin to a “Chakravyuh” – you know how to get in, but…Continue reading →