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Experts feel that across generations mutual fund investment is a wise choice. April saw a record-breaking 63.7 lakh new SIP registrations, marking a 32.1% surge from the 3-month average.
Start retirement planning in your 40s with a focus on asset mix, goal corpus, and expenses. Chirag Muni advises on disciplined steps, insurance coverage, and regular portfolio reviews for a secure post-retirement income.
The highest returns have been delivered by Quant Small Cap Fund while the lowest by UTI Flexi Cap Fund-Reg(G).
New investors can invest with an amount of Rs 5000 and any amount thereafter while for existing investors, Rs 1,000 and any amount thereafter is allowed. For Systematic Investment Plan (SIP), the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter.