Need advice on SIP/ Mutual funds
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Dear Friends,
I am interested in starting monthly SIP/ Mutual Funds for 10K per month (Willing to continue for next 20-25 years).
Can anyone suggest how to start SIP or invest monthly in mutual funds?
I am absolutely new to investing & not aware from where & how to start.
If possible, please suggest some good you tube tutorial videos or advice any good mutual fund to start with.
Regards
Disclaimer
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https://www.desidime.com/comments/permalink/10155504
@bobby_123 ....Thank you Bobby. I am a newbie in this field. How to start? Do we have to open an account somewhere?
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1. *Understand Your Goals*: Define your financial goals, risk tolerance, and investment horizon. Since you're planning for the next 20-25 years, you have a long-term horizon which is great for equity mutual funds.
2. *Choose the Right Mutual Fund*: Consider starting with diversified equity funds or large-cap funds, as they are generally less volatile and suitable for beginners. Some popular options include:
- *Mirae Asset Large Cap Fund*
- *Axis Bluechip Fund*
- *ICICI Prudential Bluechip Fund*
- *SBI Bluechip Fund*