Systematic Investment Plan - SIP

Hi ALL

I am planning to go for SIP for one year on monthly basis in HDFC Bank.. My aim is to save 5000rs per month. Is this worth?? please suggest me.


Cheers
Pooornima

Hi Porrnima,

Any reason why you are going for HDFC SIP? There are SIPs offered by many other companies. Please do have a look and weigh pros and cons before finalizing a particular SIP.

DO NOT go by the 6%, 10% isllustrations given by the banks/financial institutions. They do it due to the SEBI and RBI regulations which makes it mandatory for them to give the illustrations at 6% and 10%. Be sure to read the fine print thoroughly. Many of them give such disclaimers.

Disclaimer: The illustration above is merely indicative in nature and should not be construed as investment advice. It does not in any manner imply or suggest performance of any HDFC Mutual Fund Scheme(s). Please read Risk Factors.

Source: HDFC Mutual Fund > Investment Facilities

Warm Regards,
Lakshmi

Originally Posted by charmingpooh

Hi ALL

I am planning to go for SIP for one year on monthly basis in HDFC Bank.. My aim is to save 5000rs per month. Is this worth?? please suggest me.


Cheers
Pooornima

Hi Poornima,

You have not mnetioned the plan name .Plz mnetion the plan name ..........i have worked in banking and financial sector for7 years in investments .....may be i can helpyou !!!!!!!

Puja

yes would be very good for long term........ am also planning to start a similar SIP. its mutual fund ..isnt it?

Originally Posted by charmingpooh

Hi ALL

I am planning to go for SIP for one year on monthly basis in HDFC Bank.. My aim is to save 5000rs per month. Is this worth?? please suggest me.


Cheers
Pooornima

[Hi
I just read your column ,Can you can go for RS 5000rs SIP
EVne I have done it but my suggestion would be please spilt up into 3 or 4 funds to cover your risk,HDFC equity and growth funds are doing good ,and DSP tiger fund is really good.
Look into moneycontrol.com for more research and data .
You will atleast get 20 % returns ,but need to invest for a year or more to reap he returns
Cheers
Mahima

Hi,

Can anyone please tell me the difference between SIP and ULIP? What is the minimum amount to invest in those plans? I stay in USA and I am planning to invest in small amounts at the beginning in India and then increase it seeing the returns? Can anyone suggest me the good plans and companies pls?

Thanks

PLEASE STAY AWAY FROM ULIP. ULIP combines both insurance and investment, may looking attractive but returns are very poor. I would suggest you to invest 75% in stocks and 25% in mutual fund.

Thanks,
Happy and safe investing!!!