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Is it safe to invest in SBI-SIP mutual funds


Date: 02 Dec 2015   Posted By: pawan     Group: Finance and Investments    Category: Mutual Funds   

I am 25 yrs old and serving in bsf as a soldier. My gross salary is 26K. If I invest 2K per month for 3 years, how much will I get after 3 years? Is it possible to know in between period about how much it growing? Is it possible to withdraw that money before period is over? Experts: request to provide your valuable inputs.

Interested in SIP investment? Want to know more details of SIP? check out suggestions from experts on this page.


Author: Kailash Kumar    04 Dec 2015      Member Level: Platinum     Points : 3  (Rs 3)    Voting Score: 0

In all kinds of mutual funds advertisements it is always mentioned that investment in mutual funds is subject to market risks. Therefore the investor has to bear in mind that risk is always there. In the ISC resources many articles are available about mutual funds in general and SIP-MF in particular. Regarding SBI-SIP, the author may visit the url -https://www.sbimf.com/Systematic-Investment-Plan/ to find full details. Also websites like moneycontrol.com, economictimes.indiatimes.com and many such other websites offer detailed analysis of various SIP-MF including SBI-SIP-MF.

Author: Mahesh    04 Dec 2015      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

You can use the online mutual fund returns calculator. You can find that on value research online website. If the SBI provides such calculator then use that too. SBI is a good company however don't take the return number as set stone. The number could change and you can find that it is not going to give you exact return. In such case I'd say you should definitely go for UTI and Franklin templeton instead. There are also other top mutual funds to choose from. If you are investing anything under 2K then RD or recurring deposit would be good idea. And ELSS can be good investment too. Just make sure you invest knowing more about type of fund - debt and equity. And be realistic about rate or number of return.

Author: Partha Kansabanik    04 Dec 2015      Member Level: Diamond     Points : 5  (Rs 5)    Voting Score: 0

1. If you want the invested amount for three years, it is desirable to put the money in a Debt-based hybrid fund. Debt-based hybrid funds put 65% of invested money in different bonds and around 35% in equity. From the average figures, it has been found that a standard debt-based hybrid fund gives a return of 12% p.a. return over a three year period. (My articles at Articles section will provide you detailed analysis.) But the return is not fixed. It means it may be more than or less than 12%

2. It is always better to invest money in mutual funds through SIP route. However, you have to keep in mind that there is a concept of exit load in mutual funds, if you withdraw the money before the prescribed period.

3. Taxation: If you keep the money in Debt funds or Debt-based hybrid funds for three years, you will get indexation benefit for taxation purpose.

4. You may find details of performance of funds in Value Research and Morningstar. This will help you to short-list funds which suit your requirements.





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