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Top News In Mf Sip Today - Breaking & Trending Today
Mutual fund SIP has become a popular tool for small retail investors to do small regular savings and get the benefit of higher returns from equity market. This facility empowers these small retail investors in a big way. However, the banking facility of ECS/NACH debit which allows automatic monthly deduction can turn this into a nightmare with very high bounce charges especially for small investors if they miss even one investment payment. ....
"We are working with them (MF industry) to see where is the cost.what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a month, because then it is the equivalent of what Hindustan Lever (HUL) did with shampoo sachets. You just explode the market," PTI reported quoting Buch. ....
Fixed amount monthly contribution through mutual fund SIP has it own limitation specially when you are saving for a long term life goal. As inflation would make your goal costly you would need to save higher. With time most people witness a gradual rise in their income and they can channelise some additional savings towards increasing their contribution annually through step up SIP and save a much bigger corpus than what was originally estimated. ....