Advice on SIP

[Heetshah01]

I have just opened my salary account and I want to start SIP but I don’t know in which SIP should I invest, I am from Tech Background so zero knowledge on investment and finance any advice or guidance will be appreciated

 

[Aizen164]

• Build an emergency fund of at least 9 months.
• Get a term life insurance and health insurance. Avoid ULIPs (Unit Linked Insurance Plans).
• Invest according to asset allocation

 

[HARSH SHARMA]

For beginners best way to start sip for long term is - invest in midcap companies with no risk for minimum 5years to maximum you wanted for 20-30% percent returns and increase every year your sip amount for 5% of your sip is for better compounding returns . Thank you.