Hello, I just had a super noob question since I’m a bit new into the financial world.
Let’s say I have an X amount to invest lumpsum in a MF. After few months I feel like adding a few more units, basically more lumpsum. Is this possible ? Is it similar to buying ETFs considering there’s a minimum investment amount as well.
Now let’s say, after a few months I feel like starting a SIP in the same fund, even this is possible ? Basically, my previous Lumpsum + this new SIP will result in averaging the NAV, am I correct?
Just had these few doubts, hope I get my answers. Thank you !
Just a very young investor starting in to this financial world.