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There are smarter ways to invest money to get higher returns. Mutual funds are a way of earning more returns for your investment. Average returns are higher than normal savings accounts and other investment options offered by banks.
Systematic Investment Option is a way in which investors can invest a small amount every month. In India, the minimum amount that can be invested is Rs 500. But in some of the schemes available in Indian companies, you can invest as low as Rs 100 per month. Some of the plans are:
- SBI Small SIP Fund
- Reliance Plans
Many mutual funds have done well in the year 2010. You can invest smartly in these funds and earn more money. But you have to understand that past performance in such investments does not guarantee future. Some of the best Indian funds that have performed well in SIP planning are:
- HDFC Long Term Advantage Fund – Growth
- Reliance Tax Saver Fund – Growth
- Fidelity Tax Advantage Fund – Growth
There are many similar funds which have done well in India in the year 2010. But as an investor you cannot invest in all the schemes. You have to find out the best plan from the above list. Here are some guidelines for the same.
You need to compare the returns from these mutual funds over the past years and analyze the best one.
Next Step: Find the Best SIP Mutual Fund:
Get details of returns from these schemes. You can find them in major websites.
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