Best SIP Investment Plans 2020

 

Best SIP Investment Plans 2020

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Here are the top 10 mutual fund schemes suitable for SIP investment in year 2020-21:

*3 year returns are annualized. Data based on the NAV of direct-growth variant of schemes as on May 12, 2020

1. Top-up SIP

This SIP allows you to increase the SIP amount at regular intervals and take advantage of a well-performing mutual fund scheme by increasing your investment amount. For example, if your SIP is Rs 10,000 per month in June 2019, you can increase it to any amount, say Rs 11,000 per month in July 2019 or any other succeeding month under Top-up SIP

2. Flexible SIP

This SIP allows you to increase or decrease the SIP amount as per your disposable income. Thus, with this SIP, you can decrease or skip the payment of a few installments when there is a cash crunch. Similarly, this SIP also allows you to increase the SIP amount during an increase in cash inflows

3. Perpetual SIP

While making a SIP investment, investors have a choice to provide the end date of the SIP. If the investor chooses to not given an end date then it is a perpetual SIP. This allows you to end your SIP at the time of your choice or when your financial goal is achieved since there is no fixed tenure attached to the SIP

4. Trigger SIP

This SIP is suitable for investors who have knowledge and awareness of financial markets. It allows you to set either an index level, NAV or a particular date as the start date of the SIP. However, it is not advisable to invest via a trigger SIP as it is essentially an attempt to time the market which is nearly impossible to do with 100% accuracy

How is NAV Calculated?

For example, let’s say you set up a Rs. 1,000 monthly SIP plan for 12 months starting from the 7th of the month. Every month around the same date, your bank account will show a Rs. 1,000 deduction towards investment in the mutual fund of your choice.

The case of applicable NAV is based on whether the 7th is a day when the markets are open or closed. If the 7th is a working day for the stock market, the applicable NAV for your SIP installment would be the chosen mutual fund’s NAV at the close of markets on the 7th. If 7th is a holiday such as a Saturday, Sunday or Public Holiday, then the applicable NAV would be the one obtained at the end of the next working day.

Disclaimer: The recommendations and reviews do not guarantee fund performance, nor should they be viewed as an assessment of a fund’s, or the fund’s underlying securities’ creditworthiness.

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