How can you maximise your Mutual Fund SIP returns
Thanks largely to the efforts of financial advisors and investments awareness programs of asset management companies (AMCs), retail investor participation in mutual funds through the SIP route has increased manifold in the last few years. As per AMFI data, monthly mutual fund AUM mobilization through SIPs on March 2019 was more than Rs 8,000 Crores compared to just around Rs 3,000 Crores in March 2016. In FY 2018-19, 9.13 Lakh SIP accounts were added each month. In this article, we will discuss how existing and also new SIP investors can maximize their SIP returns. Ways For New & Existing SIP Investor To Maximize SIP Returns 1. Start early and invest for long periods The most important ingredient in the wealth creation recipe is not money but time. Money when invested is put to work and the longer it works, the more profits it can generate. Profits invested generate more ... Read More