Question: Which Bank Is Better For SIP?

What is Blue Chip Fund?

A blue-chip mutual fund is the one that invests in blue-chip stocks or shares, i.e.

in well-established companies with excellent overall financial performance.

In this article, we will learn more about blue-chip funds, how they work and much more.

Origin of Blue Chip..

Which SIP is best for 20 years?

Aditya Birla Sun Life Digital India Fund.Franklin India Feeder – Franklin U S Opportunities Fund.TATA Digital India Fund.DSP BlackRock World Gold Fund.SBI Banking & Financial Services Fund.Mirae Asset Tax Saver Fund.Mirae Asset Emerging Bluechip Fund.TATA Banking and Financial Services Fund.More items…•

Is SIP tax free?

In an SIP investment, you can start investing as low as Rs 100 a month. … Only investments in ELSS mutual funds through SIP have tax exemption of up to Rs 1.5 lakh a year under Section 80C.

Is it right time to invest in SIP?

When You Do Not Wish to Take a Risk: Mutual funds and risk go hand-in-hand, but SIPs spread out the risk over a period and reduces the risk. The longer your investment, the lesser is the risk. That is why the best time to start sip is when you are fine with the investment period.

Is SIP better or lump sum?

The answer to this question depends on the stock market conditions. During upward trends, the lump sum mode of mutual fund investment tends to give relatively higher returns whereas during falling markets, investments made via a SIP generally provides better returns than a lump sum investment.

Can I withdraw sip anytime?

Yes, an investor can withdraw his/her investment in part or fully in SIP. … Lock-In period- Ensure that the lock-in period of the fund you invest is in has exhausted.

How much should I invest in SIP monthly?

Assuming an average return of 12 per cent, you need to invest around Rs 8,500 per month to build a corpus of Rs 3 crore in 30 years. However, a word of caution: such seemingly large, round numbers will not be enough to take care of your future financial goals.

Which is the best SIP to invest in 2020?

Best SIP Plans for the Year 2020Fund NameMonthly Investment5 years ReturnICICI Prudential Bluechip Fund500010.81%Kotak Standard Multicap Fund500013.24%Motilal Oswal Focused 25 Fund500012.82%Nippon India large Cap Fund500010.9%6 more rows•Aug 24, 2020

How can I make 10 lakhs in 5 years?

To create a corpus of Rs 10 lakh in five years, with a monthly investment of Rs 11,000, you need to invest in those schemes that generate 17 per cent returns on a compounding basis. While historically, equity schemes have delivered 17 per cent returns over the last five years, it is safe to lower the expectations.

Why is SIP bad?

SIPs make it operationally simpler for you to stay with your investments but it may also lead to carelessness in evaluating the performance of their funds. You may end up ignoring the poor performance of your funds for longer periods and this will affect your portfolio’s returns.

What is average return in SIP?

A SIP in equity scheme yields higher returns than the one in Debt schemes. On an average, for SIP in large cap equity funds, a return of 12-15% can be expected whereas from mid-cap equities, a return of 14-17% can be expected.

Which is the best SIP to invest?

Scheme namePercentage (%)Axis Bluechip Fund – G25ICICI Prudential Bluechip Fund – G15Motilal Oswal Multicap 35 Fund – G10Aditya Birla Sun Life Regular Savings Fund -G507 more rows•Nov 24, 2020

Which SIP gives highest return?

6. Best SIP Equity Funds India 2021Fund Name5-Year ReturnsLinkMirae Asset Large Cap Fund Regular Growth8.37%Invest NowAxis Blue Chip Fund8.81%Invest NowICICI Prudential Bluechip Fund Growth6.07%Invest NowSBI Bluechip Fund Regular Growth5.29%Invest Now1 more row•6 days ago

How much can I earn from SIP?

As per SIP calculator in Financial Calculator India, by starting a SIP of Rs 10,000 per month and increasing the SIP amount by 10% every year, it is possible to get over Rs 1 crore as maturity value in a little over 17 years of saving (given the rate of return is 12 per cent for the mutual fund).

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity FundsAxis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. … ICICI Prudential Blue chip Fund. … SBI Blue chip Fund. … Mirae Asset Large Cap Fund. … SBI Multicap Fund.

Is SIP safe now?

SIP is a very safe method to invest in mutual funds. If you invest in a mutual fund lump sum, depending on the market condition, you could end up paying a very high price for a mutual fund. … You do not need to worry about timing the market when investing via SIP. In SIP, you invest a small amount of money every month.

How is SIP return calculated?

Prefixing a minus sign is important as it depicts outflow of cash. Enter the total market value of all your units. Just enter the date at which you want to check the returns and the market value of all the units you hold in the scheme in the same columns where you have entered the SIP date and SIP amount.