What is Mutual Fund ?
Investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in Securities, Govt. Bonds, Company Bonds, money market instruments.
What is SIP (Systematic Investment Plan) ?
SIP allow you to invest a certain pre-determined amount at regular interval. In simple word, are you aware about monthly Recurring Deposits (RDs) provide by Banks & Post Office. SIP works same as you Recurring Deposit. In SIP your funds deducted from your bank account (ECS) as per your specify date.
How to choose best Mutual Fund Scheme?
Write mutual fund can chosen by considering past returns, the fund manager’s performance and consistency of returns.