Hi guys.
I am looking to invest 10.5 lacs in stock market. Looking at the current levels i thought it would be better to invest in SIP instead of a lump-sum investment. My lookout is for the next 2-3 years.
I was planning to divide the amount by 12 and invest it monthly is 4-5 plans including a gold etf. After 12 months I can redeem the units and invest it back again in same plan or something else depending on the performance of each.
Is this a good idea? Also what would be the best way to invest this amount and have maximum growth? And in which plans?
Thanks.
I am looking to invest 10.5 lacs in stock market. Looking at the current levels i thought it would be better to invest in SIP instead of a lump-sum investment. My lookout is for the next 2-3 years.
I was planning to divide the amount by 12 and invest it monthly is 4-5 plans including a gold etf. After 12 months I can redeem the units and invest it back again in same plan or something else depending on the performance of each.
Is this a good idea? Also what would be the best way to invest this amount and have maximum growth? And in which plans?
Thanks.
