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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
A monthly investment plan differs from a one -time investment plan and allows you to invest small, regular contribution. The method of investment is mostly preferred by salaried investors who earn monthly income.
Here is a list of some popular monthly investment schemes in India.
Systematic Investment Plan (SIP): SIP is an investment scheme where you can invest a certain amount in the mutual fund scheme at certain intervals. Under this scheme, installment amount per month. Can be smaller as 500. This is similar to a recurring deposit, where you deposit a small/fixed amount every month. This is a very convenient way to invest without the problem of writing a check every time.
Recurring deposit (RD): Recurring deposits (RD) provide a systematic approach to people to continuously save money while earning interest. Through continuous monthly deposits in an RD account, you can gradually deposit a large -scale corpus. You can start RD with multiples of at least and 500 and then ₹ 100.
Public Provident Fund (PPF): PPF is a popular long -term investment option that provides tax profit and attractive returns on investment. In 1968 by the National Savings Organization, this government -backed savings scheme allows you to claim income tax benefits under Section 80C. It is an ideal choice for investors seeking security, stability and financial development.
Ulips: A unit-linked insurance plan, or Ulip, provides the advantage of both an investment and a life cover where you can invest based on your risk hunger and financial objectives. It provides a variety of benefits of funds associated with markets such as equity and debt. It has a minimum lock-in period of five years and provides tax benefits. Under Ulips, you can claim a cut of up to ₹ 1.5 lakh per year under Section 80C.
Senior Citizen Savings Scheme (SCSS): Designed for senior citizens, it is a government-proposed savings option, which can be opened with a post office or bank. This low -risk savings option has a five -year term for people over 60 years of age. Under the scheme, you can invest a minimum investment of ₹ 1,000 and maximum of ₹ 30 lakh per year.
Factors to consider when choosing investment plans:
Before deciding on investment strategy, you should first assess your long -term and short -term financial objectives. These financial goals vary from marriage and college to foreign holidays and new cell phones, and keeping them into consideration helps to make informed decisions.
When purchasing an investment plan, most people fail to consider their financial dependence. However, it is important to do so because you must have an investment or savings pool to meet the financial needs of your dependents.
Another important step is to determine your planned future expenses to provide you a better understanding of how much you need to invest to generate sufficient returns later. Additionally, it is also important to evaluate your current expenses while looking for the best investment plan.
Benefits of Monthly Investment Schemes:
– This allows you to start investing with small and regular contribution, making them accessible to people with limited budget. Improve your finance as you can increase your donation.
– It provides the benefit of compounding, which allows your returns to earn more returns, thus accelerating your long -term wealth accumulation.
– It provides a convenient and automatic way to invest, eliminates the need to actively manage your portfolio. In addition, some MIPs may provide flexibility in terms of increasing or banning, which can give you some control over your investment plan.
– By selecting for MIPS, you can buy units at various price points that can benefit in volatile markets, reduce the effects of buying at high points and are missing at low prices.
– Establishment of automatic monthly contribution promotes financial discipline and helps to stay on track with its investment goals by reducing the need to remember personal investments.
-It is introduced in a wide range of options such as equity-centered, debt-focused and balanced that allows you to choose a plan based on your risk tolerance and financial goals.
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