Which mutual fund SIP is best for 3 years?
Table of Contents
Which mutual fund SIP is best for 3 years?
Parag Parikh Long Term Equity Fund.
Which mutual fund is best for SIP 2021?
Best Mutual Fund for SIP to Invest in December 2021
| Fund Name | 1Y CAGR 3Y CAGR 5Y CAGR Till Date CAGR | Till Date CAGR |
|---|---|---|
| ICICI Prudential Bluechip Fund (G) | 17.8\% | 14.8\% |
| Axis Bluechip Fund (G) | 19.7\% | 13.7\% |
| Kotak Bluechip fund (G) | 19.8\% | – |
| Mirae Asset Large Cap Fund (G) | 18\% | 16.3\% |
Which is best investment for 3 years?
What is short term investment?
| Sr No. | Short Term Investment Options | Ideal For |
|---|---|---|
| 4 | Recurring deposits | People who want to invest on a monthly basis |
| 5 | NSC | People with long term goals |
| 6 | Arbitrage funds | If held for more than year 8\% interest |
| 7 | Fixed maturity plans | Similar to FDs with a lock in period of 3 years |
Can I invest in SIP for 3 years?
There is no maximum tenure of a SIP. You can invest as long as you can. The minimum tenure you can go for is 3 years.
How do I choose a SIP plan?
These are the following things you need to keep in mind while selecting a particular SIP:
- The mutual fund that you have chosen has been in market for at least from the last five.
- The mutual fund you are planning to invest into should be operated by your bank.
- The “fund house” chosen by you is reputable and recognizable.
How many mutual funds should I invest in a sip?
If you wish to create a portfolio of mutual funds by investing in a SIP of 5000 per month, it’s suggested to have 1-3 funds. Going for more is not necessary.
Should you invest Rs 5000 per month for 20-30 years?
There is absolutely no need to keep investing just the originally decided amount of Rs 5000 per month for 20-30 years. Your income would increase every year. So your investments too should increase accordingly. Isn’t it? Just imagine what would happen if you decide to go for a Step Up SIP? An SIP that increases every year in line with your income.
What is the average return on an SIP?
What is the average return on an SIP? The average return on an SIP depends on multiple factors such as type of mutual fund invested in, tenure of investment, amount of SIP and the prevailing rate of inflation. For example, if you invest in lar cap-equity mutual fund, the return is around 12-18\%. What is an SIP Calculator?
How to build Rs 1 crore by investing Rs 5000 monthly?
Did you know that by investing just Rs 5000 every month in equity mutual funds through a monthly Systematic Investment Plan (SIP) can create a corpus of Rs 1 crore in 15-20 years? This might seem surprising. But you can easily accumulate Rs 1 Crore by investing just Rs 5000 Monthly.