A SIP is one of the best ways to invest in mutual funds. There are many ways to invest in mutual fund SIPs. But the easiest way is to invest using an app like Cube Wealth. Let’s see how by comparing the offline and online mode of SIP investments.
How To Start A Mutual Fund SIP Investment?
There are two ways to invest in mutual funds via SIP.
All of this with a few clicks from the comforts of your home.
Why Cube Is The Best App For Mutual Fund SIPs
Before you start a SIP, you need to identify the mutual fund you want to invest in. There are more than a thousand different mutual fund options available. So it may be difficult to choose the right fund.
If you’re investing with Cube, however, this won’t be a problem. Our mutual fund advisor, Wealth First, curates a list of hand-picked funds for Cube users each month.
But that still leaves you with a handful of funds to choose from. So how do you know which one is right for you? By speaking to a wealth coach!
Our wealth coaches recommend funds based on your goals and risk level.
SuperSIP: Allows you to modify or even skip SIP payments
QuickSIP: Start a mutual fund SIP based on your preferences
1. What is the minimum SIP amount?
Ans. The minimum SIP amount on the Cube Wealth app is ₹1000.
2. Is it good to invest money in SIP?
Ans. Yes. SIPs are one of the best ways to invest in mutual funds. But speak to a wealth coach to know more about the right SIP for you.
3. What are the pros & cons of a Systematic Investment Plan (SIP)?
Easy on the pocket
4. How to invest money in SIP?
Ans. There are two ways to invest money in SIPs: Offline and Online. However, the best way to invest in mutual fund SIPs is through the Cube Wealth app.
Watch this in-app guide on Quick SIPs for MF
5. What Is SIP mutual funds and how does it work?
Ans. A Systematic Investment Plan or SIP allows you to invest in mutual funds in small amounts over fixed intervals of time. It is not an investment itself but a way to invest in mutual funds.
6. What are the benefits of SIP?
Ans. SIPs are beneficial for the long term since you do not have to worry about short term market fluctuations or timing the market. Other benefits include low minimum investment amount, risk-based investment options, and flexibility. A SIP also helps you become a disciplined investor because you’ll be paying a monthly, quarterly, or yearly SIP amount.
Shriram is a Consultant at CubeWealth. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. His love for philosophy, developing products, and empowering people through quality content is what got him to CubeWealth.
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on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!