Groww, Zerodha Coin, ET Money and INDmoney are some great apps that you can use. They have user-friendly interfaces, and these support weekly and monthly SIPs. No Demat account is required.
@Kiara It's always better to diversify your funds to get better exposure to different sectors and a low-risk factor. So you should definitely diversify your SIP into different mutual funds.
The best funds to invest right now are:
Large-cap equity funds.
Flexi Cap Funds.
Hybrid funds.
All these funds will give you stable growth on a low-risk basis.
If you are aggressive investors and can tolerate the risk factor, then only invest in thematic or sectoral funds. Investing in both funds is quite risky. Additionally, these funds offer limited options for diversification. If you want to diversify your portfolio, then choose other funds.
You can invest in the same type of mutual fund from different companies. With this method, you can diversify your investments with a low-risk factor. But before investing, make sure each fund can match your goals.
Thanks for the suggestion. I know FDs are a safe option but offer low returns. And the average inflation rate is higher than that of FDs. So is it still a good option to invest in FDs, or are there other plans with better returns and inflation protection?
