Online most of the mistakes beginner investors make selecting wrong mutual finds or stocks and going for regular plans instead of direct plans.
Beginner investors how to pick stocks or mutual finds most of the videos and information available online on this topic but investors should think how much money should i invest in mutual funds and how many years to invest in sip and what happens if you start SIP with Rs.5000/- pm for 20 years.
How many years to invest in sip
If your age is 28 years and ready to invest money in sip for a period of 20 years in Mutual funds and searching for which mutual fund sip is best for long term to increase your earning as well for your future safety then the right way is logn term investment plan for 20 years is good idea.
How much to invest in sip per month
It is a good idea to invest in mutual funds for the long term. However, it should be noted that there is also risk involved. Some times there can be losses.
However, in the long run the risk decreases. Invest in an index fund on a sip basis is smart idea. UTI Nifty Index Fund can be selected. You can invest directly in the plan through fund companies and other websites (such as www.mfuindia.com, www.kuvera.in, myCAMS / Paytm mobile app or Groww app).
In this you do not have to pay commission as the return on these is 1 to 2 percent higher than regular plans.
