Yes. Anyone in India can invest in a mutual fund scheme by following this systematic investing approach.
Investing through SIP in the best funds in India helps the investors to sustain volatility and generate adequate returns over a long-term horizon.
Yes, you can request any time for purchasing the units of a mutual fund scheme.
You will be pleased to know that we don't charge anything for services available at this portal.
It just depends on your preference as a Systematic Investment Plan helps in investing a fixed amount in a mutual fund regularly, some investors may find it interesting, whereas some investors can find a lumpsum mode of investment a better approach depending on the different market conditions and other factors affecting the investment.
Yes, surely, you can. With a salary hike or any other conditions when you want to increase your SIP, you can go for a step-up SIP facility provided by mutual funds.
SIP is generally considered a safe option to invest in equity instruments as it sustains the market volatility over a long-term horizon and provides the best way to gradually build a huge corpus with a systematic investment approach.
Yes, you can invest in debt funds systematically through SIP to gradually increase your wealth over a long-term horizon, however, you will not get the advantage of the market volatility which you can obtain by investing in equity funds.
You can invest through SIP for a short-term duration as well but to get the advantage of compounding and rupee cost averaging, you are required to invest for a long-term horizon and get risk-mitigated returns.
The Indian government mandates on the mf that every investor is required to quote PAN number to start investing. The bank account number is also mandatory to take permission from your bank for monthly automatic SIP amount deductions.
Any particular mutual fund can be safe or unsafe for different investors. Mutual funds are subject to the market risk but can be the safest mode of investment if the investor makes informed decisions. Equity schemes possess higher risk but can provide high returns in the long term while debt schemes have a lesser risk and pay out lesser returns than the equity schemes.
Mutual funds provide a number of schemes online suiting the goals and objective of investors from every category. To choose the right fund for yourself, you can either research for yourself or take the assistance of a financial expert.
The fund manager is the person in charge of the investments in a mutual fund scheme. He/She is responsible for investing the corpus of a fund into various instruments to fulfill the goal of the investor. A fund manager handles the portfolio of the fund.
In India, mutual funds are regulated by the Securities and Exchange Board of India (SEBI). It firstly formulated regulations on mutual fund companies in 1996.
It is the price per unit of a fund at which you will buy or sell a mutual fund unit. The NAV of a mutual fund is updated in the evening before 9 PM of every working day.
If the investment in mutual fund is done through SIP, timing the market is not important as the amount is invested at regular intervals at different NAVs. For lumpsum or one-time investment, timing is important because if NAV is low, more number of units can be bought.
If purchasing or selling is done on a working day before 3 PM through online banking, it will be executed on the same day. For those investing through debit/credit card, order done before 1 PM would execute the same day. Any order done after that will be executed on the next working day on the basis of the NAV of that day.
Mutual funds trade only once per day as the NAV of mutual funds changes only once in a day. If you buy and sell units of one particular mutual fund on the same day, then the sell order will be executed on the next working day according to the NAV of the next working day.
Yes, mutual funds investment can be shifted from one fund to another fund of the same AMC either partially or wholly. It is called switching of mutual funds and can be through one-time request, systematic transfer plan (STP) or triggered switches. Switching is not allowed from the fund of one AMC to another. You can withdraw from one AMC and invest in another.
No. Units of MF cannot be transferred or gifted from one user to another under any condition. It can only be transferred to nominee after the death of the investor.
Financial Year (FY) is the year between 1st April and 31st March in which you earn your income while Assessment Year (AY) is the year followed by the financial year in which you have to evaluate the income earned during the previous financial year and pay taxes on it.
This automatic tool helps the investors in deciding how much they should invest regularly to accumulate enough for their future goals over a period of time.
SIP calculator works on compounding formula where you require a total expected amount, the rate of return and tenure to calculate the amount you need to invest regularly. Sometimes, you have to alter the values in the input of the time horizon or rate of returns if you are not getting the expected amount in your range.
The investors should have information regarding the expected amount, rate of returns and time horizon at first. After deciding the relevant information and mentioning in the blank bracket, SIP planner calculates the fixed amount you are required to invest regularly. This process is very quick as it hardly takes a minute.
This portal offers three types of the calculator to help investors in making a prudent investment decision.
SIP Calculator: This tool helps the investors who already know fixed SIP amount, the expected rate of return, and time horizon and want to calculate the expected returns by investing in mutual fund.
SIP Reverse Calculator: With this calculator, you can obtain estimation regarding the monthly, weekly or yearly amount you want to invest to accumulate the expected returns.
Lump Sum Calculator: This calculator computes the expected returns you will get by making a lump sum investment over a time horizon at the expected rate of returns. The investors with a lump sum investment aim can use this mutual fund return calculator.
To create a huge corpus, investors are required to make a systematic investment plan and invest in equity and debt instruments on a regular basis through SIP. And, the first step to plan is to calculate the amount they need to invest. Apart from this, you can also calculate the expected amount if you know how much you can save in each interval and invest.
SIP calculator is available at MySIPonline free of cost. The investors can use this calculator to make the required calculation unlimited times as there is no such maximum usage sort of criterion.
The investors who are planning to invest in mutual fund either through SIP mode of investment can use this calculator as this will assist in calculating the estimated returns and SIP amount that they are required to pay.
The value of the rate of returns basically depends on the risk appetite of investors and instruments where he/she wants to invest. If the investor has high risk-appetite and planning to invest in equity instruments, he/she can fix a rate of return high and start the calculation. Similarly, if the risk-appetite is low and investor is planning to invest in debt instruments, he/she can go for a low rate of return to generate adequate results.
The income tax is collected by the Indian Government in 3 different ways:
A. Voluntary Payment by Taxpayers in Banks
B. Tax Deducted at Source (TDS)
C. Tax Collected at Source (TCS)
Yes. The lottery or prize amount is taxed at 30% with no exemption.
The last date to file an ITR is 31st July. The last date to make investments under section 80C to reduce the tax liability of the financial year is 31st March.
The best mutual funds are chosen after a comprehensive analysis of numerous parameters concerning mutual funds. The consistency, volatility, investment strategy, portfolio structure, and many other aspects are studied and compared to find the top performing mutual funds in India.
Top mutual funds have a higher probability to deliver better returns. For the tenure of 10 years, these funds may or may not stay in the list of best performing mutual funds but are more likely to deliver higher returns than ordinary funds.
Mutual funds are subject to market risk. However, the chances for negative returns are lower in best mutual funds but even the top funds can provide negative returns under unfavourable market conditions.
The top performing mutual fund may or may not charge higher expense ratio than ordinary funds. Selection of the best performing mutual funds is done on the basis of various other parameters including expense ratio. If a top mutual fund charges a high expense ratio, it is much likely to be worthy of the charges.
The top performing mutual funds are more probable to deliver higher returns than ordinary funds. You can make the most out of your mutual fund investment by choosing the best performing mutual funds.
Investments in mutual funds must be done according to the financial goals and objective. Even the best mutual funds must be chosen according to the suitability of investors. The risk appetite, investment tenure, etc, must be taken into consideration while selecting a best mutual fund for oneself.
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