Many people earn lot of money through mutual fund.
In mutual funds, fund manager takes up the responsibility of trading shares.
Fund manager analyzes the market status and then invest in it.
So, ultimately investors gain high returns.
SBI mutual funds and SIP plans are famous.
Since everybody cannot invest in funds, they brought the idea of SIP.
SIP is Systematic Investment Plan.
It is similar to investing in a recurring deposit.
In both plans, the money is paid monthly.
This SIP plan enables even middle class people to invest in funds.
There are many benefits in SIP plans.
Some of them are high returns, rupee cost averaging and low acquiring cost.
Since the money is being invested over large time period, averaging takes place.
More number of units is bought at low NAV and less number of units is bought at high NAV.
This leads to low acquiring cost of shares.
Moreover, the value of investment does not change.
It increases rapidly.
There is also risk factor in investing mutual funds.
Selection of shares decides the profit and loss in it.
There are different SIP plans.
Some of the plans are listed below here.
Different Plans:

• Magnum Equity
• Magnum Taxgain
• Chota SIP plan

Each plan has different features and benefits.
Magnum Equity is investing in blue chip stocks.
They are risk free.
Customers get regular returns, but they do not get high returns.
Magnum Taxgain provides tax exemption to the customers.
Tax exemption is allowed below 1 lakh rupee.
Chota plan is for rural people.
Monthly investment is very low in this plan.
This factor enables many to invest in it.
Next Step: Study more details and invest: You can get more details about the plans and start investing.
The details are available in the related websites.