How can a SIP help you Create Wealth?
I am guessing everybody these days would know what a SIP is. It’s a Systematic Investment Plan. It is an investment route offered by Mutual Funds wherein one can invest a fixed amount in a Mutual Fund scheme at regular intervals– say once a month or once a quarter, instead of making a lump-sum investment. You can start creating wealth with as small an amount as Rs. 100 (depending upon the scheme and AMC). It’s a convenient method of investment as it allows for you to give your bank a standing instruction to debit the amount on a particular date of the month or quarter. The facility of Daily SIPs is also available in certain funds. Everybody is aware of the advantages that SIPs offer. The advantages would include not worrying about market volatility (as against Direct Equity investments). It would mean consistent investing that too for the long term. Now, I would like to focus on what can investors do more in order to Generate Wealth through Equity Mutual Funds. My p