Sip in nifty 50!

[manoj sharma]

Hello! I hope you all are doing well.
I want to start a SIP in a Nifty 50 index direct fund, but there are many options: UTI Nifty 50, HDFC Nifty 50, ICICI Nifty 50, and Navi Nifty 50 index fund. Which one is better?

 

[Narinder Kumar]

Hi Manoj,
I appreciate your idea of investing in Index Based Funds. One must look into three parameters before finalizing a mutual fund to invest - AUM, Exit load and Expanse Ratio.

AUM value should be highest while other two parameters should be minimum.

I would also like to advice you to consider going for etf like Nifty bees rather than mutual funds as this will save your exit load and also it doesn't have any lock in period.

Happy Investing

 

[zacobite]

Hello! I hope you all are doing well.
I want to start a SIP in a Nifty 50 index direct fund, but there are many options: UTI Nifty 50, HDFC Nifty 50, ICICI Nifty 50, and Navi Nifty 50 index fund. Which one is better?

all r good... go ahead.. gd luck.. difference is marginal

 

[vaibhavbajpai]

Selling ETF at any point would also incur depository charges by CDSL or NSDL while selling Mutual Fund units after completing a certain duration would not incur any exit load

Tracking Error is another parameter to consider which Index fund, lower the better

 

[saurabh.s]

Hello! I hope you all are doing well.
I want to start a SIP in a Nifty 50 index direct fund, but there are many options: UTI Nifty 50, HDFC Nifty 50, ICICI Nifty 50, and Navi Nifty 50 index fund. Which one is better?

Before selecting a fund check tracking error & expense ratio of the fund. Considering both, Navi Nifty50 index fund has lowest fees.