5 common mistakes to avoid while investing through SIP
Systematic Investment Plan is one of the best way of creating wealth in the long run. It gives you the opportunity to invest in regular intervals with a pre-decided time frame and a fixed amount of money to invest in mutual fund schemes. Disciplined investment approach in SIP can create a big corpus in long term. May be it is for your long term goals like child's marriage, retirement planning or for buying your dream home. Some investors fail to maximise their return due to some basic errors. Let's know what are the 5 common mistakes you should avoid while investing through SIP. 1 - Setting unrealistic goal Sometimes we set some unrealistic goals which can not be achievable within the reasonable time frame. For example, you may want to retire early. but some factors that affect achieving your goal. Such as defining the retirement age, the target amount and the amount to be invested through SIP. Setting goals which are too high or impossible to achieve can be a unrealistic g...