Question: Which Bank Is Best For SIP?

SIP is not a product offered by any bank. SIP (Systematic Investment Plan) is a method by which you invest regularly every month.

Low Risk Low Return(15-25%)

  • SBI Global Magnum.
  • SBI Blue Chip Fund.
  • Kotak Select Focus fund.
  • Birla Sunlife Top 100.
  • Birla Frontline Equity.
  • ICICI Pru focused Bluechip.

Which banks SIP is best in India?

Best SIP Plans 2019

SIP Plans Type 3 Year
Birla SL Equity Fund Equity Fund Name 13.70%
ICICI Prudential Equity & Debt Fund Equity Fund Name 11.11%
HDFC Balanced Balanced Fund Name 10.65%
L&T India Prudence Fund Balanced Fund Name 10.03%

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Which SIP is best for 5 years?

Best SIP Plans for 5 Year Investment in FY 19 – 20

  1. HDFC Balanced Advantage Fund. (Erstwhile HDFC Growth Fund and HDFC Prudence Fund)
  2. SBI Banking & Financial Services Fund.
  3. Franklin India Feeder – Franklin U S Opportunities Fund.
  4. Axis Bluechip Fund.

Which is best Rd or sip?

Recurring Deposit is liquid but premature withdrawal or closure will attract penalty charges. In terms of liquidity, a SIP is better when compared to RD. SIP can be closed and the money can be withdrawn without any penal charges. Recurring Deposit amount or the interest earned on it are not exempted from tax.

Which SIP is best in SBI?

Best SBI Mutual Fund SIP to Invest in Equity Funds

  • SBI Small Cap Fund. (Erstwhile SBI Small & Midcap Fund)
  • SBI Magnum Multicap Fund.
  • SBI Bluechip Fund.

Is SIP safe?

SIP is certainly safe for mutual funds and distributors because they get committed continuous money for the long term on which they can earn fees and commissions. It is also safe for the financial planners to recommend because if anything goes wrong then they can blame the SIP system.

Which SIP is best for 1 year?

Best SIP Plans for 1 Year Investment in FY 19 – 20

  1. Franklin India Ultra Short Bond Fund – Super Institutional Plan.
  2. Aditya Birla Sun Life Savings Fund.
  3. ICICI Prudential Ultra Short Term Fund.

What is the minimum interest rate in SIP?

SIP returns for various mutual funds may vary. On an average, for large cap equities, a return of 12-18% can be expected whereas from mid-cap equities, a return of 14-17% is expected. However, in case of a long-term debt-based mutual fund, one can expect a return of 6 – 9 % p.a.

Can I withdraw money from SIP anytime?

There is no penalty for withdrawing from a fund in which one is investing through SIP mode, as SIP and withdrawal (redemption) are two separate mandates. However, exit load may be charged for redeeming before a stipulated period. In case of investment through SIP, every instalment is treated as fresh purchase.

What is better PPF or sip?

A PPF is ideally suitable for only long term investments of 15 years or more. Thus, it is an excellent option for retirement planning, meeting your children’s education or marriage. SIP investment in a mutual fund attracts both, short term and long term capital gains tax.

When should I invest in RD?

The tenure of an RD can vary from 7 days to 10 years. For this reason, RD schemes make a great choice for salaried individuals who earn a fixed income every month and can invest a regular amount every month.

Is RD is tax free?

Banks Deduct TDS on your Fixed Deposits but not on Recurring Deposits. “No TDS on RD is charged,” this does not mean, it is a tax free income. The interest income earned on your RD is not exempted from income tax. It is taxable.

Is rd a good investment?

RDs are one of the safest forms of investments and aren’t prone to risks. In a RD scheme, you have to deposit a fixed amount on a monthly basis. SIP is better option than RDs when talked about liquidity. RD is a liquid scheme but you can go for premature withdrawals.