Frequently Asked Questions

Systematic Investment Plan (SIP) is a method of investing a fixed sum, regularly, in a mutual fund scheme. It allows you to buy units on a given date each month, helping you build wealth over time with discipline and the benefit of rupee cost averaging.

The amount you should invest depends on your financial goals, current income, and risk appetite. Many advisors suggest saving and investing at least 20-30% of your monthly income. You can start a SIP with as little as ₹500 per month.

Mutual funds are subject to market risks, but they are highly regulated by SEBI in India. While returns are not guaranteed, the risk is managed by professional fund managers through diversification across various assets.

ELSS (Equity Linked Savings Scheme) is a type of mutual fund that allows you to save tax under Section 80C of the Income Tax Act. It has a lock-in period of 3 years, which is the shortest among all 80C investment options.

For equity mutual funds, it is generally recommended to stay invested for at least 5 to 7 years to see the benefits of compounding and to ride out market volatility.