If you are planning to invest in mutual funds during this crisis time of Corona, then you can invest in Systematic Investment Plan (SIP). Here one can earn better returns by investing less. Let us know that in the last 3 years, the multicap growth scheme of mahindra manulife mutual fund has given a return of 27.2% to the investors.
You can start SIP by investing only 500 rupees a month. That is, you can deposit a small amount every month and make it in a big amount. SIP is a better way to get into the habit of saving, invest in disciplined manner and earn interest in compounding.
Statistics show that in Mahindra Manuelife’s MultiCap enhancement plan, if someone would have invested Rs 10,000 every month in 3 years, then it has become Rs 5.33 lakh today, while the investment amount has been Rs 3.60 lakh.
According to the data, from 29 April 2018 to 28 April 2021, whoever had SIP in this fund, got this return. This fund is at number one in the ranking in this category. If you compare it with the Nifty in a period of three years, it has given an advantage of 18.4%.
According to Bhadresh Devkar, partner of MWF Finserv, SIP has emerged as a better way in mutual funds. Investors are excited about this and it has proved to be better at giving benefits than fixed income bank FDs.
This is good for investors who want to experience investment like the stock market but do not have time to aggressively invest in mutual funds through SIP. They say that investing in mutual funds through SIP not only leads to a good increase in assets but also brings a good opportunity for investors. Whenever we see the benefit of the mutual fund scheme, usually the mutual fund can be volatile in a short period of time.
According to experts, investments are made through SIP in a fixed manner in a regular manner, so the fluctuations of the market do not affect it. In the long run, it helps to give benefits in an average way to the investment.