Which SIP is best for 1 year?
Plan
Which SIP is best for 1 year?
Top 10 Best SIP plans for 1 year-
| Investment | Returns in 3 Months | Returns in 1 Year |
|---|---|---|
| ICICI Prudential Ultra Short Term Fund | 1.2% | 7.7% |
| India Bulls Ultra Short Term Fund | 1.2% | 6.8% |
| Kotak Savings Fund | 1.1% | 6.9% |
| BOI AXA Ultra Short Duration Fund | 1% | 6.7% |
Is it a good time to start SIP?
Even ace investors have said that the market is unpredictable and therefore, there is no ‘best time’ to start an SIP. Nobody can sure whether the current high will lead to more highs or the market will turn southwards.
Can I withdraw my sip anytime?
You can withdraw your investments periodically unless they are under the lock-in period. You can withdraw via SWP (systematic withdrawal plan) route by redeeming a fixed amount at a given frequency. You may withdraw a lumpsum amount via a redemption request as and when required.
What is the minimum duration for SIP?
5 years
How is SIP return calculated?
You can use the XIRR formula to calculate the returns your SIPs have made over a period. Type all your SIP dates in one column. Suppose you have started investing in January SIP date is 10th of every month. Enter the SIP amount in another column corresponding to the SIP dates.
What is the best time to invest in SIP?
With SIP, you can investing with a small amount as Rs. 500 every month in a mutual fund scheme. So, anyone, a student, homemaker or a professional, can start investing. So the best time to invest in sip is when you are ready.
What is minimum returns in SIP?
SIP returns for various mutual funds may vary. On an average, for large cap equities, a return of 12-18% can be expected whereas from mid-cap equities, a return of 14-17% is expected. However, in case of a long-term debt-based mutual fund, one can expect a return of 6 – 9 % p.a.
Which SIP is best in HDFC?
Here is a List of Best HDFC SIP Mutual Fund Plans
| Fund Name | Category | rns |
|---|---|---|
| HDFC Hybrid- Equity Fund | Hybrid:Aggressive Hybrid | 8.61% |
| HDFC Top 100 Fund | Equity: Large Cap | 9.63% |
| HDFC Small Cap Fund | Equity: Small Cap | 9.64% |
| HDFC Equity Fund | Equity: Multi Cap | 8.53% |
Can I change my SIP amount every month?
Most fund houses do not allow the change in the amount of SIP midway. Yes, you can definitely invest more money in existing SIP. Following are the methods through which you can do it: 1) If one wishes to increase their investment every month, then you can enter top-up or step-up facility.
Is SIP amount fixed?
SIP stands for Systematic Investment Plan. SIP is an organized way of investing regularly in a mutual fund. When you set up a SIP with any mutual fund, your account is debited a fixed amount every month. This amount is invested in a mutual fund of your choice.
What happens if I stop paying sip?
While mutual fund companies don’t penalize for non-payment of a few SIP installments, your SIP will automatically be cancelled if you fail to make the payments for three consecutive months. Also your bank will penalize you for dishonoring the auto debit payments.
Can SIP amount be changed?
An investor can increase or re duce his SIP amount, by first cancelling the existing mandate and giving the revised one. Fund houses do not charge any penalty for stopping the SIPs.
Can I convert lump sum to sip?
Lump sum investment is not a good idea if you want to invest in equity oriented mutual funds. As mentioned above, the best way is to convert lump investment into SIP via STP. Even if you want to invest in lump sum funds, you can buy a small amount daily due to current high volatility in the market.
Can I increase SIP amount anytime?
There are no rules regarding increasing the SIP amount. “The same can be done anytime. Every asset management company has some minimum SIP criteria amount which can range from ₹100- ₹1,000,” said Kuppa. You need to approach the intermediary through which the original SIP was initiated.
Which date of month is best for SIP?
Conclusion: 1st of the month is best, followed by 5th and 10th dates. The amount invested is Rs 10,000 per month on these dates for 5 years. The SIP returns are around 20.7% to 20.7% for this Midcap Mutual Fund Scheme.
