Mutual funds do not work like direct stock investment or F&O trading. You should keep invested for the long term to get the mutual fund compounding benefits. Do not stop SIP and add lump sum in the market correction.
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Hello,
I would suggest you do not stop your current investment, you should start 2500 sip for 2 years then purchase your phone if it is not very urgent. Because if you invest less than a year there would be short term capital gain of 20percent.
There is needed proper planning like for how many years do you want cash flow from your Corpus , according to that you can distribute your income in different asset classes for regular income.
I would suggest you to do the STP systematic transfer plan with weekly STP
Then you can invest in equities such as large and mid-cap funds, as well as small-cap funds, which have provided good returns over the past 5 years. All funds have an exit load, so if you redeem units before the defined time horizon, this fee will be applied.
First of all, identify your goal: why you want to invest, your time horizon, and risk appetite. After that, you can consider different asset classes.
I would advise you to always invest with professional guidance. This will help protect you from fraud. You don't need to worry about your investment as they will take care of your funds and keep you updated on any necessary changes. You can contact an AMFI registered mutual fund ...
If your time horizon is 10 years, you can consider investing in equity funds that have shown good returns over the past five years. Identify your specific goal, such as saving for your child's education or buying a home. Once you have determined the amount you will need at that t...