Best SIP Plans for 2017- RRFINANCE.IN

A SIP (Systematic Investment Plan) is a form of regular investment where the investor invests a predetermined amount of money regularly (usually every month) in a selected fund. In simple terms, a Systematic Investment Plan is like a Bank Recurring Deposit with the difference that the Mutual Fund will invest in the stock market while the Bank does not do so.

SIP gives you following key advantages –

1.       You don’t have to worry about timing the market – i.e. when to enter. In the current economic scenario, the markets are extremely volatile and you never know when the market will go up or down.

2.       It gives the benefit of "Cost Averaging". In other words, since you are investing every month, you can take advantage of any dips in the stock market and accumulate additional units. This way you will end up with more units than what you would have accumulated if you had invested in lump sum., 

3.      Investment in Best SIP Schemes can make you rich, If you are investing small sums of money on the regular basis.

In 2017, one can expect good growth in FMCG, rural sector, infrastructure, textile, leather, affordable housing, and consumption sector. In equity, large caps and diversified may outperform midcaps. The best way to invest would be to use SIP method. We recommend following online SIP investment  for 2017 –

·         SBI Blue Chip Fund

·         Franklin India Prima Fund- Growth

·         ICICI PRUDENTIAL BALANCED FUND – GROWTH

·         ICICI PRUDENTIAL VALUE DISCOVERY FUND – GROWTH

·         SBI MAGNUM BALANCED FUND - GROWTH

Research/Best SIP Schemes-2017 /13/Feb/2017.