What is Best Mutual Fund SIP Investment in 2023
What is SIP Investment ?
SIP means Systematic Investment Plan. A SIP involves investing a fixed amount of money in a mutual fund at regular (monthly) intervals. With SIP, you can invest a predetermined amount, which is automatically deducted from your bank account. It’s used to purchase units of the chosen mutual fund.
The key features of SIP include :
- This helps mitigate the impact of market volatility over time.
- SIP encourages regular investing.
- It’s helps avoid the temptation to time the market.
- Investors can start, stop, increase, or decrease the SIP amount as per their condition.
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Top 5 Mutual Funds for SIP to Investment in 2023
| Name | AUM (in ₹ Crores) | 6 M Return (%) | 1 Y Return (%) | 5 Y Return (%) | MAX Return (%) | Expense Ratio (%) | More Info |
|---|---|---|---|---|---|---|---|
| ICICI Prudential All Seasons Bond Fund Direct-Plan-Growth | 10,214 | 4.35 | 9.13 | 50.56 | 166.26 | 0.62 | Check Price |
| Quant Absolute Fund Growth Option Direct Plan | 1,150 | 6.19 | 13.05 | 146.34 | 252.45 | 0.56 | Check Price |
| Quant Multi Asset Fund Direct-Growth | 749 | 2.18 | 16.70 | 166.03 | 274.39 | 0.56 | Check Price |
| Edelweiss Government Securities Fund Direct Growth | 134 | 4.45 | 7.81 | 51.31 | 120.75 | 0.67 | Check Price |
| Quant Tax Plan Direct-Growth | 258.86 | 3.89 | 11.78 | 168.70 | 581.65 | 0.57 | Check Price |
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How To Start SIP
SIP is an advantage of mutual funds where you can cross the barrier of time. Without any knowledge of stock market and without having any idea about the ups and downs of the stock market, you can safely build huge amount of wealth for the future. You can start a SIP very easily by following the simple steps below..
- Step-1:
First select a particular Mutual Fund according to the retune you get from various mutual funds through proper search. In this regard, we have listed some examples of high return funds for your convenience. Which is shown in the above list.
- Step-2:
Now you can invest in that mutual fund through various brokers or banks. In that case you have to open an account with bank or broker first. If you already have an account then you can Start a SIP in the selected Mutual Fund through that account.
- Step-3:
Now to avoid the hassle of paying money regularly every month, you can turn on the “Auto Pay” option. As a result, money is paid from your bank account to that mutual fund at that particular time of the month. And you can safely focus on your daily work.
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Difference between “SIP” and “Lump Sum” Investment
| Investment Type | SIP | Lump Sum |
|---|---|---|
| Investment Approach | SIP involves regular and periodic investments in fixed amounts. | Lump Sum investments involve a one-time investment of a larger sum. |
| Investment Timing | SIP investments occur at regular intervals. | Lump Sum investments are made in a single transaction at a specific point in time. |
| Market Timing | SIPs allow investors to mitigate the impact of market volatility by buying more units when prices are low and fewer units when prices are high, utilizing the rupee cost averaging strategy. | Lump Sum investments, on the other hand, are subject to market risks and are dependent on the prevailing market conditions at the time of investment. |
| Discipline | SIPs promote regular and disciplined investing by automating the investment process | Lump Sum investments require investors to have a large amount of money available upfront and may not enforce a regular savings habit. |
In conclusion, SIP can be an effective investment strategy for long-term wealth creation. However, allwas keep in mind that SIP may not always be effective for short periods of time. Consulting a financial advisor can help you evaluate your options and make informed investment choices based on your personal situation.
QUESTION:
A SIP return calculator is a tool that helps investors estimate the potential returns through a mutual fund (SIP). It allows investors to input details such as investment amount, investment duration, expected rate of return etc. Based on these inputs, the calculator provides an estimate of the future value of the investment.
