If you want to earn big money with small amount then you have a good chance. Because the new scheme of SBI has opened. The last date to invest money in this is 11 May. Let’s know all the things related to this….
The new scheme of SBI Mutual Fund has opened. Its name is SBI Nifty Next 50 Index Fund. The last date to invest money in this is 11 May. This fund will invest in Nifty 50 stocks. This means that money will increase along with the boom of the stock market. You can start with an investment of Rs 5000.
First of all, know what are index funds?
Experts say that 50 companies are included in the benchmark index of NIFTY NSE. On their performance, there is a rise and fall in the stock market. If there is a boom in them, then investors will also get a chance to earn money. At the same time, it comes first in the decline. However, a new investor should invest in these funds. So that, we can get maximum benefit of fast.
Is it beneficial to invest in SBI funds?
Experts say that Ravi Prakash, the manager of this fund of SBI, is ashamed. They are already SBI-ETF Gold, SBI Nifty Index Fund, SBI-ETF SENSEX, SBI Gold Fund, SBI-ETF Nifty Bank, SBI-ETF BSE 100, SBI ETF Nifty Next 50, SBI– ETF Nifty 50, SBI ETF SENSEX NEXT 50, SBI ETF Quality, is running the SBI Equity Minimum Variance Fund Scheme. Their returns are very good. If you want to invest money in the long term, then this can be a good option.
Can this fund be invested through SIP?
Experts say that money can be invested in it through SIP. At least SIP has to be started for one year.
Let us tell you that one of the most safe and popular ways to invest in mutual funds is SIP i.e. systematic investment plan.
As can be understood from the name itself, SIP gives us the freedom to deposit a fixed amount in different installments according to our convenience in a mutual fund of our choice.
This plan is especially the best option for those who are afraid to invest money directly in the share market or do not want to invest outright money.
Who should invest money in index funds?
Experts point out that index funds are best for investors who want a higher-than-normal return over the long-term by investing in stocks, but don’t want to take too much risk. But this does not mean that they are risk free.
If the stock market goes down, then your index fund NAV will also go down. In such a situation, before the market starts falling, you can redeem your index fund investment and shift the money to Ute Fund, Gold or Term Deposit.
Choose index funds in which the expense ratio is less than 1 percent. Index funds are a better option when you want low-cost investment options. With the recovery in the economy in the coming days, the returns of these funds will also increase.