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DizzyTaco
DizzyTaco
IBM

Lumsum SIP investment! 1 lk

Guys I have saved almost a lakh and want to invest this as a lumsum to an SIP kindly advise which fund to choose..or you guide me! any kind of suggestions will help.

Still new to this..

Thanks

4mo ago
1.7Kviews
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DerpySushi
DerpySushi
Stealth4mo

Start with Nifty 50 index fund. Can invest via Groww app. All the best!

Any reason why you want to do lump sum and not smaller SIPs over an extended period?

DizzyTaco
DizzyTaco
IBM4mo

I am already doing a monthly sip of 15k, I saved around 1 lk so wanted to put this to some use.

ZestyBurrito
ZestyBurrito
Stealth4mo

Sorry OP for hijacking your post. I already have an SIP in nifty 100. So where else can I invest 1lakh ?

SnoozyWaffle
SnoozyWaffle
INDMoney4mo

Instead of single lumpsum, you can consider splitting into 3-4 buckets to invest over next 2 months. Gives you advantage in case better mkt levels arrive. Might go with index or blue chip funds,

DizzyTaco
DizzyTaco
IBM4mo

Noted! will think about it thanks for helping :)

WigglyTaco
WigglyTaco
LTIMindtree4mo

You can try secured bonds available in wint wealth platform.

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