A systematic investment plan (SIP) is a great way of saving money as it is disciplined and very convenient. It is also very similar to a recurring deposit account, and there are many advantages to an SIP investment plan for 2016. The advantage of this is that today you can use it for any mutual fund of your choice, including equity mutual funds, liquid mutual funds, as well as balanced mutual funds.
It’s a well-known fact that mutual funds are one of the best investment options in terms of wealth creation. There is often a challenge to choose the right when it comes to investing, to help you to achieve your financial goals. With hundreds of different options available, you need to know what to look for and how to make a great investment choice. As a general rule, the good mutual funds choice is one that regularly outperforms the rest of the funds in its category.
So here are some examples of the best SIP investment options for 2016:
- Franklin India Oppor.
- SBI Blue Chip Fund
- DSP-BR Micro Cap Fund – RP
- Mirae Emerging Bluechip Fund
- Reliance Small Cap Fund
- BNP Paribas Equity Fund
- Principal Emerging Bluechip
- GS Nifty BeES
You may wonder how you should choose the best fans for your investment portfolio; keep in mind that consistency is always essential. One benefit of an SIP investment is that you can benefit from compound interest. This means that interest will accumulate, month after month.
The best way to get started with this investment is to contact your relationship banker and let them know that you are interested in SIP investment.