I want to invest money in Navi mutual fund if I invest money 10000 per month do I get monthly money
Ans: Investing in Navi Mutual Fund with a monthly SIP of Rs. 10,000 does not guarantee monthly returns. Mutual funds, including those offered by Navi, invest in various assets such as stocks, bonds, or a combination of both. Returns from mutual funds are subject to market fluctuations and the performance of the underlying assets.
While SIPs (Systematic Investment Plans) allow you to invest a fixed amount regularly, typically monthly, they do not guarantee fixed monthly returns. Instead, SIPs enable you to benefit from rupee cost averaging and the power of compounding over the long term, potentially leading to wealth accumulation.
It's essential to consider your investment objectives, risk tolerance, and investment horizon before investing in mutual funds. While they offer the potential for wealth creation, they also involve market risk. Consulting with a Certified Financial Planner or Mutual Fund Distributor can help you determine the most suitable investment strategy based on your financial goals and risk profile.