Are are other SIPs starting at just Rs.100?
The UTI has announced a Systematic Investment Plan for its Mastershare scheme. Do other mutual funds have similar schemes and are they really beneficial? Look for appropriate answers here.
Members who know the actual picture may please respond.
This morning, The Hindu, carried a very interesting advertisement, released by the UTI has announced a SIP (Systematic Investment Plan) starting at just Rs.100/- for its Mastershare scheme. This is great news, as even the lower middle classes will benefit from this scheme. The net savings cannot exceed Rs.20,000, even after seven years, and hence will not be taxed. This is a very good scheme.
Do we have similar schemes for other Mutual funds? How is the performance of Mastershare now? I had invested in it long ago, and do receive some dividend. I have never checked on its viability, mainly because I do not know how the calculations are done.
Can you please explain this?