Before making SIP investments, conduct a thorough research. Seek guidance from a market expert if you’re a first-time investor. Educate yourself before making any SIP investment.
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Good returns
Do not entirely rely on good returns on SIPs. Make informed decisions and study every aspect of the SIP that you wish to invest in.
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SIP requires consistent effort
Market experts suggest that one must not start or terminate SIP at irregular intervals. Such actions can sometimes lead to financial losses.
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A diversified portfolio
It is important to diversify SIP investments. This reduces the risk of financial losses and can help you benefit from different funds and sectors.
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How much should you invest?
The investment amount should neither be too small or too large. It is essential to find the right balance while recognizing your financial needs.
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Do not follow the herd mentality
There is nothing more important than doing your own research. Choose a reliable brokerage app, complete the KYC process, and start your SIP journey.
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SIP investments
Reports suggest that SIP investments amounted to Rs 19,186.58 crore in February 2024. The number of SIP accounts in February were 820.17 lakh.