Dustfinance- Blog by Guvi where he Removes dust, from financial riDDles with fundamental analysis

To start a Systematic Investment Plan (SIP) in mutual funds, follow below steps: 1. Choose a Mutual Fund Scheme:  Research and select a mutual fund scheme that fix with your financial goals, risk tolerance, and investment time frame. 2. Select a SIP Amount :   Decide how much you want to invest regularly through SIP.  The minimum amount typically varies from fund to fund but is usually it  starts from 500 to any amount maximum. 3. Open an Investment Account:   You'll need to have an investment account with the mutual fund company or a platform that offers access to mutual funds.  You can do this online or by visiting a branch of the fund house. Or can contact AMFI registered mutual funds advisor. 4. Complete KYC:  Fulfill the Know Your Customer (KYC) requirements by submitting your identity and address proof documents, like uidai in India called as adhar card and pan card is also accepted. KYC can be done online or at the time of account opening. 5. Pr...

Earning from SIP Systematic Investment Plan (SIP) is a way to invest in mutual funds. While it's not a direct source of income like a job, it can help you build wealth over time through the power of compounding.  Here's how you can earn from SIP: Invest persistently:  Invest a fixed amount of money at regular intervals (monthly, quarterly, Yearly) into mutual funds. This disciplined approach can help you accumulate wealth over long term. Compounding wonder: - The money you invest earns returns, and these returns also earn returns over time. This compounding effect can significantly grow your investment. Long-Term dealing: - SIP is effective over the long term. By staying invested for years, you can ride out market volatility and benefit from market upswings. Diversification :- Mutual funds invest in a variety of assets, which spreads risk. This can lead to better returns compared to investing in a single asset. Capital growth: - As the value of your invested funds increases ov...

 How to start SIP So friends how to start sip is very common question but the answer is not simple.  As we all are earning fixed income or variable income. But don't know how much amount is required for the retirement or any short term plan like vacation, house purchase, car purchase , education etc. So first of all, your plan should be for early retirement and the retirement Corpus should be enough to fulfill , your vacational dreams or day to day requirements. As we know,  after retirement at the age of 60,  we will have money but don't have time or may have some health issue so we cannot enjoy the life. So friends my suggestion will be start your investment plan as early as possible so you can retire early and can full fill your dreams. For that you should have a concrete plan otherwise you will not be able to retire as per Plan. Friends there are so many ways to start sip,  like if you know any knowledgeable person, he or she may be registered advisor with t...