These 5 mistakes can reduce the profit of SIP, do not make this mistake even by mistake if you want to make it a 'return machine'
Siddhi Jain November 02, 2024 03:15 PM

Mutual Funds SIP: In today's time, SIP is a part of most people's portfolios. Its many features and the great returns in SIP are making this scheme increasingly popular. But this scheme is market-linked and its returns are also market-based, we should not forget this. If you are starting SIP, then you should never make some mistakes. If you make these mistakes even by mistake, then it can cost you heavily on your investment and reduce your profit.

Whenever you start SIP, do good research first. Investments started without research can become the reason for the loss. If you do not have an idea, then you can take the help of an expert in financial matters.

If you have started SIP, then do not make the mistake of stopping it in the middle or closing it in the middle. Due to this, you will not get the profit that you are expecting.

Do not invest a large amount in the pursuit of making more money. There is no problem in starting an SIP of a large amount, but many times due to various circumstances, they are not able to continue the SIP of a very large amount and due to this they have to stop it in between. In such a situation, they are not able to recover the full profit. Therefore, instead of starting a SIP of a large amount, it is better to run many SIPs of small amounts.

Do not make immediate changes in SIPs on seeing temporary fluctuations in the market. Stick to your long-term investment strategy.

Do not invest all the money in one place. Prepare your portfolio diversifiedly. For this, include large cap, mid-cap and small-cap funds in the portfolio.

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