Why invest in SIPs with your Diwali gifts or bonus? These top 10 performing MFs deliver CAGR of over 20-29%
By choosing SIP, a fixed amount is deducted from your bank account on monthly basis -- which creates discipline in investments. The mere eye candy of SIP is that they do not require a hefty sum for investment, they can be opted for by anyone right from a teenager to senior citizens.
Diwali is less than 10 days away! The 5-days festival is seen as auspicious for buying gold, properties, or making investments among others. During the festival, many receive gifts and even companies announce bonuses to their employees to celebrate the occasion. Why not invest your monetary gift or bonus into Systematic Investment Plans (SIPs)? Typically, SIPs are one of the most affordable investment schemes available in the market and give the best of both equities and debt instruments. This fiscal year, amidst the volatile markets due to macroeconomic conditions, the appetite for SIPs has consistently risen. Since May, contributions in SIPs have stayed above ₹12,000 crore.