SIP: These 5 mistakes can 'rob you of your profits', half of the country's investors unknowingly make this mistake and suffer losses..

Mutual funds are considered to be a great option in terms of investment. Anyone can easily start investing in mutual funds through a Systematic Investment Plan (SIP). The specialty of SIP is that you can start with a small amount and create a big fund in the long term. Despite being a market-linked scheme, the risk in this scheme is slightly less than investing money directly in stocks.

The average return of SIP in the long term is considered to be around 12%, which is very good compared to other schemes and is going to beat inflation. But, small mistakes while investing in SIP can rob you of your profits and your dream of getting bumper returns may remain unfulfilled. Half of the investors make this mistake unknowingly and suffer losses. If you are also going to invest in SIP, then understand about these mistakes.

Ignoring your financial situation

Not investing for the long term.

Not diversifying

Ignoring expense ratios

Not reviewing your portfolio.

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