HDFC SIP Mutual Funds Online

HDFC systematic investment plan is one of the best way to invest in Mutual Funds. This is similar to investing your money in a recurring deposit where you make systematic payments on some date every month.

Benefits:

HDFC sip plan offers you the most flexible way to invest your money. The minimum amount would be Rs 500 and you can invest in multiples of Rs 100. By this way you can become a disciplined investor. You can also apply for SIP auto debit facility which is the best SIP investment plan in HDFC. By this way, the monthly payments will be made every month automatically from your bank account. You have to fill the bank authorization form along with the hdfc mutual fund application form.

Some schemes in HDFC mutual fund comes with tax benefits. These schemes have tax benefits under income tax act. There would be a 3 years lock in period for this schemes, where you cannot withdraw your funds for 3 years from the date of investment.

You can make your financial planning every month according to your needs. If you have some financial expenses in a particular month, then you can reduce your investment amount that month. If you do not have any expenses that particular month and if the NAV of the unit is also cheaper that particular month, then you can buy more units that month at a cheaper rate. This is a smarter way of investing your funds and buying units at a cheaper price.

How to Invest?

Start analyzing the performance of the best performing mutual funds and then compare it with the other funds. You can spot the funds which have generated good returns in the past years. Those details are readily available in related websites.