Hey could you please give me basic info about SIP . I am curious. How is it different from mutual fund and how did u invest in it?
One of the way to invest in mutual fund is through SIP. Once u select ur funds and link it to ur bank account then every month a certain amt that u have decided to invest gets deducted from ur bank account and invested in the fund. You can also set the limit on how long u want to keep investing in it. I did it through an agent. Its better to start with an agent when u have little to no knowledge. Once u understand the process and gain more knowledge about the funds then u can do it independently. Though when u work with an agent they get a commission from ur investment. But its better than selecting the wrong funds and losing all ur money 😆
Anupamaa
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