InvestorQ : sir investment in idfc through sip advisable right now or not
jodh singh made post

sir investment in idfc through sip advisable right now or not

Answer
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Roshni Hegde answered.
1 year ago


Systematic Investment Plan or SIP is a mode of investment wherein a fixed amount of money is regularly invested in the scheme at a certain interval, that can be weekly, monthly or quarterly. SIP is recommended to retail investor as well as to a salaried person.
 In SIP, the investor is free to increase or decrease the active investment amount. Also, the investor can open or close the account as per the need.

As on 31st Oct. 2018, IDFC Asset Management Company has scaled to a good amount of returns in various IDFC MF schemes. In the span of one year IDFC cash fund has reached 7.17% whereas in five years it touched 7.86 %. IDFC multi cap fund in five years raised by 17.12%.