Mutual fund advisors always recommend investing based on your risk appetite, investment horizon, and financial goals. But before starting a SIP, ask yourself: Are you investing to build a retirement corpus, fund your child's education, buy a home, or finance your next vacation?
A SIP in an equity mutual fund is one of the most effective ways to achieve long-term financial goals. But an equally important question is: Are you investing enough to reach your target corpus? Have you calculated the monthly SIP required to achieve your financial goal?
