Your SIP Deserves Better Than WhatsApp Wisdom or Cousin’s/Colleague’s Tips!

Still depending on advice received from friends, family, Finfulencer for your SIP investments. What worked for your friend may not work for you. There are many hidden factors that people don’t often talk about. Choosing the right SIP is just as important as choosing your major in college, the right choice can shape your entire future.

Let’s dig in deep and understand the important criteria for selecting an SIP:

1. Goal - Is your goal short-term or long-term? Are you saving for your daughter’s education, planning your retirement, or buying a car? Always tag your investments to a specific goal. Studies show that we stay more committed when we save with a clear purpose.

2. Risk profile - what type of investor are you: Conservative, Moderate, or Aggressive? I’ve shared a link below where you can find out your risk appetite. Take the test NOW(click here)

3. Time horizon -How much time do you have to reach each goal? Your time horizon plays a crucial role. In this MAHASAGAR of mutual funds, your job is to pick the one that not only offers good returns but also gives you peace of mind -knowing your goals will be met on time.

4. Cash flow flexibility -How much surplus you have each month after expenses, whether you have invested more when your salary increases steadily. One of my clients started a ₹5,000 SIP when he got his first job but never increased it, even though his salary kept growing steadily. This is a common mistake. As your income grows, your investments should grow too. Otherwise, your goals may fall short despite early planning.

I’ll help you choose an SIP that fits you - based on your risk profile, how long you want to invest, and what you’re investing for.

1. Risk appetite-

• Conservative Investor- HDFC Hybrid Debt Fund - Direct Plan

• Moderate Investor- A mix of HDFC Hybrid Debt Fund - Direct Plan with Nippon India Large Cap Fund - Direct Plan - Growth (Equity)

• Aggressive Investor- A mix of UTI Aggressive Hybrid Fund - Direct Plan (Debt) ICICI Prudential MidCap Fund - Direct Plan - Growth, HDFC Focused Fund - Direct Plan - Growth (Equity)

2. Duration :

• Low Short duration fund- Invesco India Low Duration Fund - Direct Plan - Growth (Debt)

• Short duration fund- ICICI Prudential Short-Term Fund - Direct Fund - Growth (Debt)

• Medium duration fund- HDFC Focused Fund - Direct Plan - Growth (Equity), Axis Strategic Bond Fund - Direct Plan - Growth (Debt)

• Long duration fund- Nippon India Large Cap Fund - Direct Plan - Growth (Equity), ICICI Prudential Long Term Bond Fund - Direct Plan – Growth (Debt)

3. Goal: Education & Retirement -A combination of mutual fund with continuous re-balancing of portfolio.

Life isn’t always simple and neither are our goals or investment choices.
You might have a high-risk appetite but have only a short time to reach your dream. In such cases, choosing the right investment becomes tricky. For example, you may be tempted by long-term funds, but they might not suit your timeline.

This is exactly where a financial adviser comes in. We conduct a detailed analysis of your risk profile, current financial situation, and existing investments. We help restructure your portfolio and offer personalized financial advice always keeping your best interest at heart. We only suggest direct plans , we don’t earn commission on any product thus our advice are trust-worthy.

Get guidance from a SEBI-Registered Investment Adviser.
Don’t you dream of giving your family a secure future and living your life with peace of mind? It’s possible, with the right financial planning. Don’t take your future lightly. The decisions you make today will shape the life -your loved ones live tomorrow.

Disclaimer: The information provided in this article regarding different mutual funds, is for educational and informational purposes only and does not constitute stock recommendations or investment advice. Investments in securities are subject to market risks, and investors should read all scheme-related documents carefully before investing. As per SEBI (Securities and Exchange Board of India) regulations, investors are advised to consult a SEBI-registered investment advisor or financial professional to assess their risk profile, financial goals, and suitability of any investment. Past performance is not indicative of future results.