I want to start SIP for 5 years which can fetch good results. Please advise how to open SIP from coin, also can i take 5 or 10 sip’s for better result? Please advise
Just login to Coin, select the fund and start investing. There are a few suggested funds on the homepage but it is always best to consult your financial advisor.
Do you mean invest in 5 - 10 funds?
- Select the MF and then select the ‘Direct SIP’ option as shown below.
- Now you can design your SIP according to your needs.
You can select your SIP frequency, SIP investment amount and also the total number of installments.
- Once you’ve started the SIP, you can redesign the SIP according to your needs. You can change all of the above parameters - you can change SIP frequency, SIP investment amount and you can also temporarily pause your SIP.
The ball is always in your court.
You can start multiple SIP plans in the same MF and you can also start SIP plans in different MFs. Better not to go overboard, select a few good MFs and stick to your SIP plan to reap the benefits. Here are some consistently performing MFs shown on Coin:
If you want to invest for 5 years then equity funds are the best suited. You should invest in 3 - 5 funds and diversify your investments across equity, debt and gold. You should invest in the funds that suit your needs. Kotak Mutual Funds offers SIP investment plan for long term.