Mutual Fund: Right now, investors continue to choose SIP first. In the month of February, SIP reached a new high. SIP is still investors’ top choice as of right now. In the month of February, a total of Rs 19,186.58 crore was invested through SIP.
January Investment Snapshot
Concurrently, the amount invested in January was Rs 18,838.33 crore. About SIP, investors are ecstatic. If you intend to invest money in SIP in this scenario as well, consider a few key considerations first.
In February, there were 820.17 lakh SIP accounts, a record high that exceeded 791.71 lakh in January. On the other hand, fewer people registered for SIP in February. In January, there were 51.84 lakh SIPs registered; as of now, 49.79 lakh had been created.
The Importance of Thorough Research and Advisor Consultation
Before making an investment in a SIP, you should conduct thorough research or consult an advisor. It is not advisable to invest in any fund without conducting research. Mutual fund investments have surged dramatically, so make prudent investments. It is not advisable to make any SIP decisions based solely on returns. Because SIP returns, which often yield positive returns, can occasionally turn negative.
Experts claim that it is frequently observed that investors periodically close SIPs. He starts and stops at different moments. This is not how it should be done. Investors do not fully gain from doing this. However, one frequently has to experience losses as well.
Spreading Investments Across Funds and Sectors
In order to minimise the impact on your portfolio should one fund or sector see a decline, you should invest your money in SIP across a variety of funds and sectors. It is important for investors to remember that their SIP investments shouldn’t be made in excess or insufficiently. It need to be in line with your risk tolerance and financial objectives. You won’t receive a very high return if you invest very little money.
Choosing a Brokerage App for Your First Investment
First, you must select a brokerage app if you wish to initiate SIP for the first time. Any app, such as Grow or Zerodha, can be used to begin investing. Following this, you’ll need to finish the KYC requirements. Verification and video call KYC will then take place within your app. You must complete an application in order to create a new account. You can then make financial investments in SIP.
