Best SIP to Invest Rs.3000 monthly for 15 years

best SIP to Invest

Best SIP to Invest Rs.3000 monthly for 15 years

15 years is a long term, you could  choose best SIP to invest your 3000 in a SIP of an Equity Mutual Funds. However there are a few things that you need to consider before starting your investment in Mutual Funds:

1. Choose Your Own Goal

Its always advisable to start your investment based on your investment goal. It could be a long term goal (5+ years) like retirement, child’s education, buying a home etc. Or you could have a short term goal (<5 years) like saving for honeymoon, vacation with friends, buying a car/bike etc. Based on the time horizon of your goal you would have to invest in Equity and debt Mutual funds. Goal based investment is a more effective way to make money.

2. Asset allocation-

Here you will need to decide how much money to invest in equity funds and how much in debt fund. This will be then the composition of your portfolio. Your risk appetite also decides the assets allocation of your portfolio.

3. Choose the Best Mutual Fund

After the above two steps comes the crucial decision of choosing the right funds. For this you will need to do an extensive research.

You could either do all this on your own or you could visit and that will help with goal selection, asset allocation and they would create a portfolio for you based on your goal, risk appetite and tax bracket. I would highly recommend using InstaEMI ; it will make investing in Mutual funds easy, simple and very convenient.

You can check out the following links to compare the performances and ranks of the different funds.

Top performing Mutual Funds

Best SIP in Mutual Funds

Goal Based Investing – Choose Your Goal – InstaEMI

Happy Investing!!

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