What Works Best For You

A friend of mine recently asked me for help with his financial portfolio—he already invests in some mutual funds and wanted to add some more “SIPs with growth potential”. The popularity of SIPs has perhaps outpaced that of even mutual funds, which came up with the idea in the first place. That, of course, leads to the complication of mis-selling, where any product that can be paid for using regular instalments is sold as an SIP. But that’s a story for another time. One of the biggest reasons that makes SIPs so popular is the fact that it enables even investors with modest means to start investing and planning for their future. Even the ones who want to start slow prefer this mode of investment, as the low ticket size gives them the confidence to experiment. My friend, too, started investing with low-value SIPs, but is now confident to go for bigger sums. Luckily...