5 things to know before starting a mutual fund SIP

Knowing your goals will help you determine the right type of mutual fund and the amount of money you need to invest.

      Set your financial goals

How much risk are you comfortable taking with your investment? Mutual funds are generally classified into three categories: low, medium, high.

Consider your risk appetite

There are many different mutual funds available, so it's important to do your research and choose one that is right for you.

Choose the right mutual fund

You don't have to invest a large amount of money to start a SIP. Even a small amount invested regularly can grow over time.

Start small

The stock market is volatile, so there will be ups and downs along the way. Don't panic and sell your investments if the market takes a dip.

Be patient