Are You Doing An SIP For The Right Reason?

Many view their investment portfolio as mere numbers. These numbers can go up or down. But numbers are just a means to an end. The truth is we do not see our investments for what they really are. Money is not simply numbers on a screen. Having money makes sense for a goal. Yes, money matters because the goals matter. Over the last few years, mutual fund as an investment vehicle has cemented its position among all age groups of investors. Subsequently, systematic investment plans (SIPs) have also gained traction, as it is one of the easiest and most disciplined way to consistently invest into a mutual fund. This is without a doubt a positive development. But this sentiment quickly changes as I realise why investors have initiated a SIP in the first place. Over the years, as we meet different sets of clients and discuss the benefits associated with SIP as an important tool to create long...