Top 5 Monthly Income Plans in 2019
Monthly Income Plans or MIPs are debt oriented hybrid mutual funds. It primarily invests in debt and money market.
Monthly Income Plans or MIPs are debt oriented hybrid mutual funds. It primarily invests in debt and money market.
A sector fund invests in a single sector or industry. Sectoral funds have a high risk as these kinds of funds are not diversified. The popular sector for thematic or sectoral funds is- real estate, telecommunication, pharma, technology, natural resource, health care, aviation etc.
Gilt funds invest in central and state government securities which can generate fixed interests. The money fund houses collected from the public goes towards infrastructure building and other government expenses. You can be a part of the nation-building process.
Index Mutual Funds are one of the most popular mutual funds in India. So many investors are known about the benefits of the diversifying portfolio across the assets. Index funds invest in a wider market index like nifty or sensex. The expense ratio is also low in index funds.
Equity Linked Savings Scheme or ELSS fund is a tax saving mutual fund with a lock-in period of 3 years.
Ultra short term mutual funds are those mutual funds which invest in fixed income earning instruments which have maturities up to six months.
Arbitrage mutual fund is an equity oriented hybrid fund which generate returns through mispricing of equity shares in the futures and spot market.
Increasing your SIP amount is always a good thing but decreasing it is not so good thing. If you are getting promoted and your salary is increasing you should increase your SIP amount you can but if you have lost your job or for any personal reason you want to increase your SIP amount you can do it easily.
In SIP you can start to invest from Rs.500/ which is very pocket-friendly too. So here is the list of top 10 best sip mutual funds to invest in 2019.
ELSS (Equity Linked Savings Scheme) offers tax benefits under the 80C. An ELSS fund comes with a lock-in period of three years. The only ELSS gives full exposure to equity.