However, it will be better not to take the SIP route. There is no reason why you bind yourself to a particular scheme on monthly basis. It should suffice to decide inveating certain amount every month. You may select in any schemerather than tie up with certain scheme via SIP route. The mutual funds promote SIP more as they want investors to commit themselves. But it is not in interest of investors to commit. Such commitment is like committing oneself to eat only Chicken Baryani and nothing else daily and from a particular restaurant and none else.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
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To my humble understanding one must develop thorough knowledge in mutual funds before putting money.There are several types of funds like the ones which have equity linkages ampngst which there are sub-groups also like Contra funds, sectoral funds etc. As these funds have deeper linkages with the stock markets one must opt for ones which carry growth potential at a particular given time. For example, realty sector is at the receiving end at the moment with lesser availability of home loans and recently SBI's financials have suffered a big jolt with widrawal of teaser rates as would be very apparent from its current stock prices.I personally don't favor SIP routes.
