Share
Table of contents
What is a Long Term Investment?
Investments are broadly classified as short term investments and long term investments. Short term investments are usually made for a period ranging between a few days to three years. The motive behind short term investments is to earn better returns than by holding the money in a savings bank account. Also, to meet short term goals like purchasing a vehicle, going on a vacation, etc. While investments are considered long term investments when the holding period is more than five years.
How to invest in Mutual Funds?
Time needed: 30 minutes.
Long term investments help the investors in wealth creation. Investors may have different objectives for long term investing. Major goals such as buying a house, peaceful retirement, child’s education and wealth creation can be easily achieved with long term investment. The best suited investment option for long term is Equity Mutual Fund.
-
create a plan
Choose a plan to invest to start investing
-
create a account
Set-up your investment account
FAQ
One can always withdraw money from their SIP investment plan. It’s called redeeming the investment. An exit load is charged if the redemption is done before one year from investing.
No, one cannot withdraw money from their Equity Linked Savings Scheme investment before three years.
Top Performing Mutual Funds for SIP in India
Below mentioned are the top performing mutual funds to invest through SIP
| Fund Name | Category |
| Kotak Standard Multicap Growth | Multi Cap Fund Growth |
| Motilal Oswal Long Term Equity Fund-Regular Plan-Growth | Saving Fund |
Show comments (0)