SIPs are Systematic Investment Plans where money is deducted from your bank account and invested automatically. With an SIP, you’re able to purchase fund units at different levels of the market. To start invest in mutual funds in SIP, open saving account in one of the bank, get cheque book for the account and internet banking for the account. To ...
No savings yet.. Mutual funds investment is best and right for you now. Mutual funds provide option to start monthly investment by SIP. Investor can invest 100 rupees per month in mutual funds. Reliance introduces mutual funds with monthly 100 rupees.”This move is aimed at helping more and more people access the benefits of mutual funds while reducing the entry ...
Equity related mutual funds allow to invest in more than 20+ stocks in one mutual funds. A mutual fund is diversified by itself. Typically they hold about 20+ stocks, some funds hold even upto 50 stocks. Hence, too many funds in your portfolio is a bad idea. To become rich, invest maximum 6-8 funds for better management and returns. Each ...
Life insurance schemes are introduced for life coverage and to help the family in case of unexpected. But due to high agent commission, it is suggested as investment in indian market. High profile people in the society had been working as LIC agent. The people worked as LIC agent and explained the insurance as investment to middle class and rural ...