Investment in the initial years means a sound and stable financial life in the long run. However, if you are earning and still haven’t started investing, you need to think again. Not only does investing offers financial stability, but it also provides a sense of security to you and your loved ones.
In India, mutual funds are considered one of the most beneficial investments when one plans to achieve higher returns. This is because the best mutual funds for SIP (Systematic Investment Plan) often provide a lucrative in the long term.
What is a SIP?
It is an investment plan where a fixed amount is invested in the Mutual Fund scheme regularly as per the investor’s preference. In this investment instrument, a fixed amount is deducted each month. So, as the term indicates, it is a systematic investment method of investing fixed amounts monthly, quarterly or even semi-annually etc.
What are its advantages?
● Higher returns
Unlike recurring or fixed deposits, a SIP generally offers double the returns when one invests in the best SIP plan. This also helps in beating the inflated costs.
● Flexibility
SIP is an open-ended fund. This basically means that it can be withdrawn for the investor’s personal use at any time. So, without incurring any losses, one can withdraw either the partial or the full amount.
● Start small
When an individual plans to invest in SIP, they can easily do so by even Rs 500/- per month and see it grow exponentially with time. It is a simple investment scheme that helps one save more.
Which are the best performing mutual funds India 2023, and how to invest in them?
>Tata AIA Life Insurance Company Ltd
> Tata AIA Life Insurance Company Ltd
> Birla Sun Life Insurance Company Ltd
> Bharti AXA
> IDBI
> Birla Sun Life Insurance Company Ltd
> PNB MetLife India Insurance Company Limited
> Tata AIA Life Insurance Company Ltd
> Bharti AXA
> Max Life
To invest in such high-performing mutual funds, you don’t need to visit any financial institution nowadays. In my personal experience, around six months ago, I was planning to invest in the same, and one of my colleagues told me about the Bajaj Finserv application.
Believe me, it is one of the best apps to use for any investment. However, when it comes to investing in mutual funds, here is a step-by-step guide for your convinieninece –
- Download the app on your smartphone
- Sign up by entering your mobile number
- On the home page, go to the mutual funds under the Investment Bazaar section
- Explore the funds and move forward as per your requirement
Conclusion
Investing money is not about saving a few bucks from your monthly income and just keeping it aside. It is about proper planning and execution so that you can gain from it. Lastly, before investing in it, it is essential to research and finds the best mutual funds for SIP. So, if you plan to invest in mutual funds, you are just one tap away!
