Hi Sree,
I am investing in multiple mutual funds as SIP for long term. I have doubt about investment method. One scenario, I am investing 5000 every month in SBI Blue chip fund from last 6 months as SIP. This month i am planning to invest 5000 more under the same folio using the fund house online portal. Will it consider as separate investment or these new units will add to total units ? is this method advisable or need to invest in a separate folio? Please clarify.
2 Answers
Hi,
If you are investing as an existing investor by selecting the current Ledger folio of the scheme, the units will be added to the existing units and total units will be reflected in MF statement(s).
Suggest you to invest in existing Folio itself.
thanks sree for the swift response. its clear......is it an advisable investment method?
Dear sreekanth, I am a new entrant to MF. I am ready to allocate Rs.3000 per month for a period of 3 years. No specific commitment for this amount. It is just an investment with decent returns and low risk. Regards Shanthi
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