Five common Myths about SIP.

Systematic Investment Plan(SIP) is a tool used in investing in mutual fund schemes, where you have to choose a scheme according to your requirement from several fund houses. Major benefits of investing in SIP is, it gives you the facility and flexibility of investing in mutual fund schemes in a disciplined manner. You have to choose the amount, time horizon, schemes to invest according to your goals, risk epetite and time horizon. You need to have a goal for your sip investment. So there are some common myths about SIP. Let's discuss. Myth 1 - SIP can be done only for equity funds. A common myth amongst investors is that you can only invest in equity mutual fund schemes via SIP mode. This is not true. While investing in mutual fund schemes via SIP, you can choose from a wide range of investment options in mutual fund schemes i.e. debt funds, hybrid funds,index funds, thematic funds, fund of funds etc. Myth 2 - SIP can't be modified once selected Many investors are ...