Debunking SIP Myths: 5 Misconceptions to Avoid for Smarter Investing

• SIPs are a popular way to invest in mutual funds, but common misconceptions can hinder long-term returns.
• SIPs do not guarantee instant high returns; consistent investment over 7-15 years, fund performance, and proper selection are crucial.
• Avoid investing in too many popular funds; instead, choose 3-5 quality funds from different categories aligned with your financial goals.
• SIPs are flexible and can be paused, stopped, or modified based on life changes or fund underperformance.
• Do not stop SIPs during market downturns; lower NAVs allow buying more units, reducing average cost and boosting long-term gains.

Why It Matters: Understand SIPs as a disciplined investment facility, not a guaranteed profit product, for effective wealth creation.