Re: Mutual fund investment suggestion required to start
Let us assume that you have to buy "anything" that is good for you.
You will buy it anyway but:
1. You will like to buy more when the price is less.
2. You will like to buy less when the price is more.
This is about buying and SIP will automatically take care of that.
Lump sum investment\SIP investment: which one is better? Well if the prices are guaranteed to rise always, then lump sum is better.But always "up" is not true with equities.
I had asked about what to do if I have lump sum to some MF guru's here, they suggest:
1. Put your lump sum in Liquid fund
2. Set a Systematic Transfer plan (each month) to an equity scheme.
Example can be:
1. DSP ML Liquidity for lump sum.
2. STP to DSP T.I.G.E.R or DSP (Other good funds)
Let us assume that you have to buy "anything" that is good for you.
You will buy it anyway but:
1. You will like to buy more when the price is less.
2. You will like to buy less when the price is more.
This is about buying and SIP will automatically take care of that.
Lump sum investment\SIP investment: which one is better? Well if the prices are guaranteed to rise always, then lump sum is better.But always "up" is not true with equities.
I had asked about what to do if I have lump sum to some MF guru's here, they suggest:
1. Put your lump sum in Liquid fund
2. Set a Systematic Transfer plan (each month) to an equity scheme.
Example can be:
1. DSP ML Liquidity for lump sum.
2. STP to DSP T.I.G.E.R or DSP (Other good funds)