Can I do lumpsum and SIP in same fund?

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Can I do lumpsum and SIP in same fund?

Yes, you most certainly can. Mutual fund houses allow you to invest in mutual fund schemes whichever way you like. So, if you have an ongoing SIP with a mutual fund house in say scheme A, you can definitely add more amount as lump sum in the same scheme.

Can I invest different amount every month in SIP?

The answer is NO.

How can I invest lumpsum amount in existing SIP?

There are two ways to invest this amount:

  1. Start a monthly SIP of an amount that you are comfortable with, and this could be Rs 10,000, Rs 20,000, or Rs 50,000. Let the money stay in your bank account till all of it gets invested systematically in the chosen equity funds.
  2. Invest the lump sum in a liquid fund.
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Can you invest lumpsum in SIP?

SIP is beneficial as it will allow you to invest in a fund in periodic installments. After that, you get to decide your level of savings if you have already set aside a significant amount of money for your insurance premiums and future emergencies. And the, you can decide upon how to invest in SIP in India.

Is it good to have multiple SIP?

You should also invest the right amount in each SIP, depending on the goal. Multiple SIPs could prove more beneficial if they are diversified. Diversification doesn’t mean many SIPs in the same or similar funds. Diversification implies SIPs in different types of mutual funds.

Is SIP better or lump sum?

A systematic investment plan (SIP) is the most convenient way of investing in mutual funds. By opting to invest via an SIP, you eliminate the need to have a lump sum to get started with your mutual fund investment. Through an SIP, you can invest a small sum on a regular basis into the mutual fund scheme of your choice.

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Which is better SIP or lumpsum in ELSS?

Choosing ELSS will help you maximize tax benefits under Section 80C. Lumpsum investments will be better suited if you are investing at the end of a financial year, or if you have a higher risk appetite. On the other hand, SIPs will be better suited if you want to avert risks and have a steady source of income.