SIP investment

No idea bro. Never done any kind of investment.

First of all, never take regular version of any MF. Always take “Direct” version of a MF which has less expense ratio because of lower commission cost(basically direct version of MF gives you better return over years because commission given to agents is not there so overall lower cost). Keep in mind that “Direct” version of a MF always has “Direct” in its name but “Regular” version may or may not have “Regular” in its name.

For most safety stick to large cap MFs, these basically invest in top 30/50 companies in India(hdfc,reliance,infosys,tcs etc) so risk is low because if all the top companies in a country are doing very bad then it doesn’t matter where you invest money in that country(incl banks) as it is all the same. Axis Blue Chip funds seems to have performed good in recent years. Just make an acc on axis mf site & if your PAN is CKYC verified then you can start investing completely online within 10 min.

Check your PAN CKYC status here:
https://www.karvykra.com/UPanSearchGlobalWithPa...

There are 5 agencies out of which 1 will show status description as “kyc registered” for a CKYC verified PAN. If your pan is not ckyc verified then you need to get it done by filling the form. I am not sure if they allow video kyc nowadays just like paytm & some banks are doing but if yes then it is good else you need to visit collection office of some CKYC agency(the 5 agencies I mentioned above) or a bank/stock broker.

Check out this video:

Main thing is to select 2-3 good MFs across various categories(large cap,mid cap,small cap,mixed cap etc) & then decide the allocation(say you want more security so 40% of equity investment in large cap, 25% in mixed cap & so on etc).

SIP investments are just like loan emi, you set it up for a fixed amount on fixed date & money will be deducted automatically by that amount on that day. SIP investments have the advantage of averaging. For example, when market is down then same amount of sip will get you more no. of units of MF compared to when market is high so it averages out(market crashed in Mar so at that time a 5000 sip would have got you say 10 units while currently market is at high so same 5000 will get you say 8 units so 8 is balanced by 10).

Could you please tell more about the agent’s share and other stuff. Also, is it good to depend on other people’s idea esp. in case of investing money?!

Those who are referring this discussion, please have a look at this thread, it is really cool for a beginner

Yessss