SIP Investment: Rs 19,186.58 crore has been invested through SIP in the month of February. Investors are very excited about SIP. In such a situation, if you are also planning to invest money in SIP, then keep some important things in mind before doing that.
Mutual Fund SIP: SIP remains the first choice of investors at present. SIP has made a new record high in the month of February. At present SIP remains the first choice of investors. An investment of Rs 19,186.58 crore has been made through SIP in the month of February. At the same time, this investment in the month of January was Rs 18,838.33 crore. Investors are very excited about SIP. In such a situation, if you are also planning to invest money in SIP, then keep some important things in mind before doing that.
SIP account number on record
The number of SIP accounts reached a historic high of 820.17 lakh in February, which was more than 791.71 lakh in January. However, the number of new SIP registrations has declined in February. About 49.79 lakh new SIPs have been registered as compared to 51.84 lakh in January.
Never make these mistakes while doing SIP-
Never invest in SIP without research and advice
You should do proper research before investing money in SIP or you can also take advice from an advisor. One should not invest money in any fund without research.
Apart from this, one should not take SIP even after seeing good returns.
Investment in mutual funds has increased significantly, so invest wisely. You should not take any SIP decision just by looking at its returns. Because sometimes the returns of SIP which give good returns also become negative.
Stop SIP sometimes and start it sometimes
According to experts, many times it is seen that investors keep closing SIP from time to time. Sometimes he stops and sometimes he starts. It should not be done like this. By doing this investors do not get full benefit. At the same time, many times one has to suffer losses also.
Investing in a single scheme
You should invest money in SIP in different funds and sectors, so that if any one fund or sector goes negative, your portfolio will not be affected much.
The amount invested is too low or too high
Investors should keep in mind that the amount invested in SIP should not be too little or too much. It should be according to your financial goals and risk tolerance. If you invest very little money, you will not get that good return.
How can one start SIP?
If you want to start SIP for the first time, then for this you will first have to choose a brokerage app. You can start investing through any app like Grow, Zerodha. After this you will have to complete the KYC formalities. After this, verification and video call KYC will happen in your app. To register a new account you will have to fill an application form. Only after this you can invest money in SIP.
