123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Define Your Investment Goal

Profile Picture
By Author: Mutualfunds
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

SIPs (Systematic Investment Plans) aren’t a new concept to people who have been investing in the market. It has been of great assistance to people in practising financial discipline and hand in hand also have been a goal achiever. Keeping in mind the budget possibilities of a middle-class family, SIPs have been a great option in reaping the market benefits.

But there definitely is a hitch when it comes to investing in SIPs. ‘Mutual Funds Sahi Hai’ is a household dialogue now, though the lesser-known fact is there there is a sea of schemes and selecting the right one based on your risk appetite and goal. So, what do you do next?

The next thing that needs to be done is ‘evaluation’. One has to evaluate the best possible scheme by analysing all options and going forward with the SIP that best suits their needs. Here are the steps involved in the evaluation process.

Defining your Investment Goal

The first and foremost of all that comes into play when selecting your ideal Mutual Fund SIP is the ‘Goal’. What do you want to achieve using the money that you are about to invest?

I’m ...
... investing a lump sum to save on Taxes (Yes this can be done)
I’m saving money for my child’s higher education.
I’m saving money monthly for my retirement.
I’m saving money for my daughter’ marriage.
I’m saving money for a short term to go on my dream vacation.

So what’s your reason?

Shortlist your Favourite Funds

This step is crucial and often requires external help. Either a screener tool or a chat with certified advisors who give their unbiased opinion will be of great help.

Has history been kind?

Often the funds that you are willing to invest in wouldn’t be what you expect it to be. So how do you know how it would fare in the near future. Here’s where history comes into play. Cross-check the fund performance with other Mutual Funds. How has your fund fared when the times have been difficult economically. Additionally, cross-check the performance with index funds to know the performance during the industry ups and downs.

Risk Appetite

Ups and downs are often involved with investments in mutual funds but what about your appetite when these occur. Investing in the right SIP post referring ratings like CRISIL is considered best. For people with a higher risk appetite, choosing appropriate schemes referring to these ratings would be a wise option.

Total Views: 457Word Count: 399See All articles From Author

Add Comment

Investing / Finance Articles

1. How To Protect Your Crypto Wallet: Essential Tips Beyond Passwords
Author: Eldon Ryder

2. Ipo Grey Market Premium (gmp) Guide | Live & Upcoming Ipo Gmp Trends
Author: finowings

3. Top Benefits Of Enrolling In A Certificate Course In Banking
Author: sandeep

4. Crizac Ipo Gmp 2025: Key Dates, Price Band & Gmp Update
Author: finowings

5. Stock Market Advisory: The Growing Importance Of Professional Stock Advisory Services
Author: Vinay

6. What Is Sip And How Does It Help Build Wealth?
Author: Sagar Shah

7. Choosing The Right Accounting Firm In East And South Auckland: What You Need To Know
Author: WhizBiz

8. Goldco Review: Best Ira Guide For Investors, Retirement Planners, & Retirees
Author: Gold and Silver Investment News

9. Navigating Financial Growth With Avendus
Author: Drishti Desai

10. The 4 Types Of Income You Need For True Financial Freedom
Author: Wealth Samurai

11. Why Hyderabad Millennials Are Choosing Personal Loans Over Credit Cards
Author: anilsinhaanni

12. How A Retail Lending Specialist Can Help You Secure The Best Loan Deals
Author: sandeep

13. How Knee Replacement Improves Quality Of Life For Arthritis Patients
Author: uttam

14. Stock Market Advisory: Unlocking Investment Success With Share Market Advisory Services
Author: Vinay

15. The Rise Of Investment Banking Companies In Hyderabad’s Financial Scene
Author: Verity knowladge solutions

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: