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Learn how to find the best sip plan in India


One of the way to invest in mutual funds is through Systematic Investment Plan (SIP). SIP lets you invest a fixed amount of money regularly in mutual funds. It is a disciplined way of investing in mutual funds. It is recurring deposits in mutual funds.


There are many mutual fund products that offer SIP investment. It becomes difficult to select a fund to invest in. There are few points to consider to find which is the best SIP plan in India. 


Before investing you should identify your goals. You should invest to reach your goals. Investing with a goal in mind keeps you focussed and committed to your investments. You have to decide your risk taking ability and how long you want to stay invested. 


You have to decide where you want to invest. You should diversify your funds and you have to decide how much to invest across the different asset class. Keeping these points in mind and investing in an disciplined way can help you reach your goals.


You can also consult a financial advisor who guide you to invest right. They can help you decide how much to invest and where to invest depending on your investment objectives.


There is Kotak Mutual Fund, you should select the funds that suit your needs, fit you risk appetite and help you reach your goals.


Goal based investment planning

In this you should define your goal and then invest in the right product to reach your goals. You should invest smartly to reach your goals.


If you are investing for 0 - 3 years then it is called short term investment. The funds best suited for short term are liquid and debt funds. If you are investing for 3 - 5 years then it is called mid term investments. The funds best suited for mid term investments are hybrid funds. If you are investing for 5+ years then it is called long term investment. The funds best suited for long term investments are equity funds.


Depending on the type of investment you should select the right fund to invest.


Increasing the SIP installment amount

Once you start an SIP you can increase the SIP installment amount. For this you do not have to start a new SIP. You can register for the SIP Booster facility. This facility allows you to increase your SIP installment amount at predefined intervals.

 

Kotak Mutual Fund offers this SIP facility to its investors.