What is long term investment in mutual fund?
Long-term investments aim to finance distant future goals, like college education, home, retirement, etc. Hence, choose a fund suitable for wealth creation. Long-term goals have a horizon beyond 10 years and equity-oriented schemes(>=65\% equity allocation) are the one of the best long-term investment option.
Which SIP is better for investment for long-term?
Large-Cap Schemes
| Scheme Name | 5-Year Monthly SIP | 10-Year Monthly SIP |
|---|---|---|
| ICICI Pru Top 100 Fund (G) | Rs.9,41,591 | 16.02\% |
| Quantum LT Equity Fund (G) – Direct Plan | Rs.9,15,695 | 16.86\% |
| Reliance Growth Fund (G) | Rs.10,75,057 | 18.05\% |
| SBI BlueChip Fund – Reg (G) | Rs.9,55,955 | 16.86\% |
Is long-term investment in mutual funds good?
Investing with a long-term horizon is good in the long run. It instils financial discipline and gives your investments more time to accumulate enormous wealth. Investing with a long-term horizon is extremely important for equity-linked investors. It mitigates the risk of market volatility to a greater extent.
How do you extend mutual funds?
To ensure an uninterrupted investment, send the renewal instruction at least 30 working days before the last date. If the existing SIP expires, the renewal can be done by quoting the same folio number. It will take 21-30 days from the date of sending the form for the SIP to start.
How long should I stay invested in SIP?
In order to get the best returns from a SIP it is essential to keep it running for the longest duration you can afford. If you intend to grow your wealth using SIPs, a minimum of 5 years of investment is recommended by most experts. You can also choose to redeem your SIP or sell the same in case you are dissatisfied.