For New & Existing SIP Investor To Maximize SIP Returns
1. Start early and invest for long periods
The most important ingredient in the wealth creation recipe is not money but
time. Money when invested is put to work and the longer it works, the more
profits it can generate. Profits invested generate more profits and over the
long investment horizon you can create substantial wealth.
2. Remain disciplined even during volatile markets
Stock markets are volatile – ups and downs are part of equity investments.
Sometimes markets can be extremely volatile correcting 20% or even more. We
understand that volatility can be stressful because no one likes to see losses.
However, you must resist the urge of canceling or stopping your mutual fund
SIP (systematic investment plan)
in market corrections.
3. Increase your SIP periodically to boost your wealth
Increasing your SIP every year is not a complicated process. Most mutual funds
Top Up or Step up facilities, whereby you can increase your SIP by a fixed
amount or fixed percentage every year.
4. Tactically take advantage of market corrections to invest in
If you are investing through SIP in the best
mutual fund scheme and have funds available to invest a lump sum, take
advantage of market corrections tactically, by investing a lump
sum in the same scheme.
Vista Wealth Delhi's Best Mutual Fund Financial Advisor & Plann 0
Joined APSense since, September 11th, 2019, From Delhi, India.
Created on Nov 26th 2019 04:32. Viewed 275 times.