Hello sir, I have just discovered something about my SIP
I just compared my SIPs with SIP from Saving account VS STP
5 funds comparisons
SBI Bluechip
SBI mag gloabal
SBI mag Equity
SBI mag Balanced
SBI mag Mid cap
SIP of 2k for each fund since OCT 2015
total investment = 1,80,000 (36k for each fund )
current value = 2,01,057.05
SIP installment deduct from my savings account (I have lump sum in savings account)
now after reading your article "Is creating wealth through Systematic Investment Plan (SIP) a hoax?" and knowing the STP investment i have just discover the result :
If i would have invested this through STP rout then i would get double benefits from two funds.
If I would have invested this 180000 in SBI Magnum Monthly Income Plan Floater then the return would be 2,18,337 instead of 2,01,057
Correct me if i am wrong what i have learned about this.
Thank you !
3 Answers
Hi,
In your earlier Question, you have mentioned that you have 8 SIPs and now 5 SIPs, may I know if you are asking queries on behalf of any other individuals ?
May I know reason for choosing only SBI MF Schemes?
If you have to do comparative analysis then kindly do it for same set of funds both for SIP & STP :)
(Request you to post your queries on SIPs, STPs or MFs here in this thread itself, instead of posting new Questions, thank you!)
Hello sir
When i started mf investments i started from SBI & they suggest me to choose their funds only in 2015
But today i m doing SIP of 20k (as mentioned in prev que) and stopped sbi global and sbi balanced from my portfolio and added new ones.
But for comparison purpose i just compare 5 funds of sbi of my portfolio & found this result
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