Are SIPs a good way to start investing in mutual funds?1 min read . Updated: 23 Dec 2021, 06:39 AM IST
- In terms of where to invest, an equity hybrid fund is a good place to start, especially since you are investing for five years
I am a 31-year-old officer working for the Government of India, earning ₹60,000 per month. I have read about mutual funds and would like to start investing through monthly SIPs. I have just started with an aggressive hybrid fund - Canara Robeco Equity Hybrid (SIP of ₹2,000 per month, with a plan to continue it for five years). My aim is to invest about 25% of my salary. Kindly suggest if the approach is right and if so, MF schemes that would be appropriate for me to invest in. I already have an outgo of ₹12,000 per month in PPF and NPS.
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