Busting SIP myths

There is no denying the fact that SIPs are gaining popularity, with many investors taking to them. That's good news certainly as SIPs optimise your investment returns. But rising popularity of anything also results in many misconceptions about it. Because many investors have learnt about SIPs from others, they may have not taken the time to appreciate their true nature. What's more, when such investors go ahead and 'counsel' others about the need for SIPs, these misconceptions, or myths, get reinforced. Here we discuss four popular myths that people have nurtured about SIPs and what the truth is. Investing 'in' SIPs: If you ask a novice SIP investor about where he is investing, an interesting answer comes: 'I am investing in SIPs'. Well, if you ask which fund

This article was originally published on January 09, 2020.