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How to invest wisely in SIPs

I have 50 lakhs to invest. These are given by father's money. I want to invest wisely in SIP. My age is 51. I want to go aggressive 100 % equity funds for 3 to 10 years SIP. Please advise any 3 or 5 aggressive 100 % equity mutual funds?

Mar 22, 2017 by Rdi, Hyderabad  |   Mutual Fund

You have mentioned about investing through monthly SIPs and also that you have Rs 50 Lakhs which you want to invest in mutual fund SIPs.

Please note that SIPs can be started with a very small amount. And therefore, it seems your query is how to invest the 50 Lakhs systematically and not through monthly SIP route.

When a need of investing a lump sum money systematically arises, we think of STP. STPs are nothing but investing your money systematically from one fund to the other.

In your case, you can invest Rs 50 Lakhs in a liquid fund and systematically transfer a fixed amount weekly/ fortnightly/ monthly to equity funds of the same AMC, in order to gain from rupee cost averaging. You can see how a STP works through this live example - https://www.advisorkhoj.com/mutual-funds...

Since you want to invest in equity funds, please note that your investment horizon should be minimum 5 years+.

With regards to fund choice, you can invest in following combinations -

Mirae Asset Cash Management Fund to Mirae Asset India Opportunities Fund

DSP BlackRock Money Manager Fund to DSP BlackRock Opportunities Fund

ICICI Prudential Liquid Fund to ICICI Prudential Value Discovery Fund

Birla Sun Life Cash Plus Fund to Birla Sun Life Equity Fund

SBI Insta Cash Fund to SBI Magnum Multicap Fund

Alternatively, you can refer to this section of our website for selecting more diversified equity funds https://www.advisorkhoj.com/mutual-funds...

Hope the above helps! Thanks for writing to us !!

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