Can one initiate a small-cap SIP in the current market with a monthly investment as low as Rs 2000 for a duration of five years?
Each mutual fund sets its own minimum SIP amount for investors to begin investing, and this threshold varies among funds.
Several mutual funds require a minimum SIP amount of Rs 500 or Rs 1,000, while some accept as little as Rs 100.
Before investing in a particular mutual fund, it's essential to verify its minimum SIP amount.
Typically, Rs 2,000 is adequate to initiate an SIP in the majority of mutual funds in India.
When you commence an SIP in most mutual funds, you are not required to specify a duration; instead, it continues until you opt to cancel it.
Nifty 50
In the past five years, the Nifty 50 has experienced an increase ranging from 0% to 1% on approximately 517 occasions.
Today, the Indian markets opened lower than yesterday's closing level but rallied throughout the day to end on a positive note.
Among the sectors, realty and consumer durables stocks recorded significant gains, while oil & gas stocks witnessed the most significant decline.
In sync with the Indian markets, most other Asian markets also concluded the trading session in positive territory. However, the US markets ended the day with losses.
| Sensex | 73,095.22 | ▲ 0.42% |
| Nifty | 22,198.35 | ▲ 0.34% |
| Top Gainers |
Tata Motors | Rs 962.70 | ▲ 2.75% |
| TCS | Rs 4,104.40 | ▲ 2.58% |
| IndusInd Bank | Rs 1,493.05 | ▲ 1.81% |
| Sun Pharma | Rs 1,582.75 | ▲ 1.66% |
| Power Grid | Rs 292.50 | ▲ 1.63% |
Top Losers | NIFTY 50 |
| Hero Moto | Rs 4,430.05 | ▼ 1.47% |
| Bajaj Finance | Rs 6,556.25 | ▼ 1.31% |
| SBI | Rs 749.85 | ▼ 1.19% |
| Divi's Labs | Rs 3,539.80 | ▼ 1.05% |
| UPL | Rs 484.60 | ▼ 0.93% |
PM Modi revealed the names of 4 astronauts for India’s first human space mission, Gaganyaan.
Spectrum auction will be conducted in the next 2-3 months: Secretary of DoT.
Indian companies are expected to give an average 10% salary hike this year, with auto, manufacturing, and engineering sectors giving the highest hikes. In 2023, the average hike was 9.5%: Mercer's survey.
Foreign portfolio investors' aggregate holding in Indian stocks fell to a 10-year low in Jan 2024: ICICI Securities.
Share of SUVs in the total passenger vehicle (PV) sales in India is expected to increase from 51% in the financial year 2022-23 to 62% in the financial year ending March 2025: CRISIL.
Import of coal in India for blending purposes fell 36.69% to 19.36 million tonnes in the April-Jan period of the current financial year.
Vodafone-Idea (Vi): received board approval to raise Rs 20,000 cr.
Titan: will acquire the remaining 0.36% stake in its subsidiary CaratLane.
Bandhan Bank: completed the acquisition of Aegon Life Insurance.
Happiest Minds: announced a new organisational structure.
Zydus Lifesciences: company's Rs 600 cr buyback will open on 29 Feb.
Mahanagar Gas: acquired a 31% shareholding in 3EV Industries for Rs 96 cr.
DCM Shriram: plans a Rs 1,000 cr investment over the next 5 years to build a new epoxy resin factory.
Both of these IPOs are open till 29 Feb:
Exicom Tele-Systems: subscribed 10.02 times. Retail subscription: 27.17 times.
Platinum Industries: subscribed 8.06 times. Retail subscription: 10.26 times.
Upcoming
Bharat Highways InvIT to open on 28th Feb. Issue size: Rs 2,500 Cr.
| 🥇 Gold | Rs 62,342 | ▲ 0.18% |
| 🥄 Silver | Rs 69,575 | ▼ 2.44% |
| 💲 USD-INR | Rs 82.89/USD | ▲ 0.01% |
| 🇺🇸 Dow Jones | 39,069.23 | ▼ 0.16% |
| 🇺🇸 Nasdaq | 15,976.25 | ▼ 0.13% |
Long Term Returns | Past 20 yrs |
| 🇮🇳 Sensex | ▲ 13.64% p.a. |
| 🇮🇳 Nifty | ▲ 13.38% p.a. |
| 🇺🇸 Dow Jones | ▲ 6.75% p.a. |
| 🇺🇸 Nasdaq | ▲ 10.86% p.a |
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