6 secrets that make you 'rich' through SIP! If you understand them, money will be drawn like a magnet.

SIP is a way of investing in Mutual Funds. Today, most people invest in MF through SIP. It is expected that a big fund will be created from this. But money is not created just by starting SIP. For this, some special things also need to be kept in mind. If you also dream of making yourself rich, then some things related to SIP should be understood well. These small things will help you a lot in raising a big fund and you will make a big corpus through SIP.

If you want to get a big investment through SIP, then start investing as soon as possible and continue it for as long as you can. A very good fund can be created from long term SIP. SIP of 20, 25 and 30 years can easily make you a millionaire.

If you have started a SIP, do not break or pause it in between. Maintain regular investment for a long time. It is very important to continue regular investment to create a big fund.

SIP is a market linked scheme and the market keeps fluctuating. Do not stop SIP out of fear of recession in the market. During the fall in the market, more units are available and later when the market rises, more returns are obtained from them, so continue your SIP continuously.

If you want to earn huge profits from SIP, then do Step-Up it from time to time. As the income increases, put a top-up of 5 or 10% in it every year. This will give you tremendous benefit of compounding and a big corpus will be created as soon as possible.

Do not invest all the money in a single SIP. Diversify the portfolio. By doing this, you can reduce the risk and get better returns.

Not all funds in SIP are the same, so choosing the right fund according to your needs is very important. Equity mutual funds also have high risk, but the returns have been seen to be quite good in the long term, debt funds have low risk, while hybrid funds are balanced. If you want, you can take expert advice in this matter.