Re: Investing in MFs through SIP..!
Hi!
Usually, all the Mutual Funds offer time based SIP. They usually collect post-dated cheques for certain periods. All the cheques are drawn on a particular date of your choice such as 1st of each month, or 5th or 10th. Whatever.
For equity based Funds, Net Asset Value [or NAV] is calculated each day, based on the value of the stocks in the portfolio of that fund. Each day, these NAVs are available in many newspapers too.
If the equity based Fund is selected by you, irrespective of the conditions and trend of the stock markets, the units would be credited to your account.
However.!
If you intend to be on this Forum, you could follow a different SIP of your choice.
First, never put all your eggs in a single basket. So, you need to know more about the funds. Check at valueresearchonline dot com, for all the types of funds available, with their history.
Choose different fund houses for different type of funds.
Then keep your eyes on the market, which is cyclic. Once each month, the monthly bottom is reached. Buy units around this day, when the NAV is the lowest for the month.
Keep doing this each month, to get almost the lowest NAV for every month.
With this little extra effort from your side, you could get reasonably high returns.
But what if you keep forgetting..? In that case, you would better opt for the regular SIP offered by any Fund of your choice.
Cheers, Good Luck and Happy Diwali
SS
Hi!
Usually, all the Mutual Funds offer time based SIP. They usually collect post-dated cheques for certain periods. All the cheques are drawn on a particular date of your choice such as 1st of each month, or 5th or 10th. Whatever.
For equity based Funds, Net Asset Value [or NAV] is calculated each day, based on the value of the stocks in the portfolio of that fund. Each day, these NAVs are available in many newspapers too.
If the equity based Fund is selected by you, irrespective of the conditions and trend of the stock markets, the units would be credited to your account.
However.!
If you intend to be on this Forum, you could follow a different SIP of your choice.
First, never put all your eggs in a single basket. So, you need to know more about the funds. Check at valueresearchonline dot com, for all the types of funds available, with their history.
Choose different fund houses for different type of funds.
Then keep your eyes on the market, which is cyclic. Once each month, the monthly bottom is reached. Buy units around this day, when the NAV is the lowest for the month.
Keep doing this each month, to get almost the lowest NAV for every month.
With this little extra effort from your side, you could get reasonably high returns.
But what if you keep forgetting..? In that case, you would better opt for the regular SIP offered by any Fund of your choice.
Cheers, Good Luck and Happy Diwali
SS
