Is Systematic Investment Plan is Safe or Not

>You can invest in mutual funds through SIP (Systematic Investment Plan) in a systematic manner. I would suggest if a person new in investment or a salaried person, he must go for monthly SIP (Systematic Investment Plan), as we can start this plan with a minimum amount of Rs 500/-

ELSS mutual funds for SIP | Image Source : Quora.com

Systematic Investment Plan is Safe or Not

As we know, there is a huge fluctuation n the market, market prices go up and down. If you are planning to invest in SIP (Systematic Investment Plan), it the safest plan and if you are investing lump sum amount, if there is a crash in the market, your whole lot will wash off in one go. One should have proper knowledge about investment and market.

We can save tax by investing in SIP (Systematic Investment Plan) -

In SIP (Systematic Investment Plan) you can browse for the ELSS mutual funds for SIP. This plan is specially designed to save tax. Under section 80C, we can invest up to Rs1.5 Lakh, this is only possible if you opt for this plan.

Recurring deposit or Systematic Investment Plan - which one is better

The minus point about Recurring deposit is it has a fixed amount of interest. If you are investing in SIP (Systematic Investment Plan) the changes of getting better benefits are more. When you invest a certain amount and then you can add the amount and your returns will keep fluctuating on basis of your investment.

Which SIP (Systematic Investment Plan) will be the best?

There are three types of risk in SIP (Systematic Investment Plan) mutual funds - Low risk, moderate risk, and high risk. SO for every risk, there is a sperate plan. You can browse through all Small, mid-cap planned and Large Cap plans. Don't forget to check the debt mutual fund plan