5 SIPs that made good fortune for equity mutual fund investors
Systematic Investment Plans (SIPs) have become synonymous with mutual funds, particularly equity mutual funds. These plans allow investors to invest a certain sum regularly, usually at the beginning of each month, which helps develop a financial discipline and avoid market timing.
Despite market volatility, SIP investments have proven to be profitable for investors in the last year, with some equity mutual fund schemes offering returns above 20%. However, it is important to consider the performance of equity schemes over a longer period before making investment decisions.