1st scenario: I buy xyz mutual fund using Sip on 1st jan by giving 1st time rs 5000 and after that rs 1000 every month.Now 1st day of every month rs 1000 will be deducted from my account.
2nd scenario:I buy xyz mutual fund using investing minimum lumpsum amount rs 5000 on 1st jan rather than sip.then 1st day of every month I additionally add rs 1000 to the mutual fund.
What is difference between the two scenario?Please let me know… Thanks in advanced.
2nd scenario:I buy xyz mutual fund using investing minimum lumpsum amount rs 5000 on 1st jan rather than sip.then 1st day of every month I additionally add rs 1000 to the mutual fund.
What is difference between the two scenario?Please let me know… Thanks in advanced.