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What are SIP mutual funds? Mutual funds are professionally managed investment vehicles that raise capital from multiple investors. Investors buy MF schemes just like stocks or company stocks and the profits generated are subsequently distributed among investors according to the proportion of money invested. SIP or Systematic Investment Plan is a method of investing in mutual funds. You can invest by paying a lump sum lump sum or by making regular investments. The process of making regular investments in the MF scheme can be called SIP. That means you agree to pay a fixed sum, say one thousand rupees per month. At the end of the year you will have invested twelve thousand in the scheme. Some SIP schemes ask for monthly payments, while others allow payments once every three to six months. The payment amount also depends on the scheme.

The benefits of opting for SIP funds is that it brings financial discipline into your life and forces you to save a certain sum of your earnings regularly. In addition, the regular payments make it affordable for a greater number of people. All types of mutual funds do not offer SIP services. Liquid funds, cash funds, and floating rate debt funds do not have a SIP option. All types of equity, debt, and balanced funds typically offer SIP capability.

SBI schemes are a great option for first time investors. SBI MF has more than twenty years of experience and has always delivered high returns to its investors throughout these years. With an investor base of more than 5.8 million, it is one of the largest companies operating in the country. These are some of the best performing SIP plans from SBI.

  • SBI Magnum Global (Growth)
  • SBI Magnum Sector Umbrella – Emerging Companies
  • SBI Magnum Taxgain
  • SBI Magnum Multiplier Plus Schematic

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