First-time SIP? Harshvardhan Rungta's guide to choosing mutual funds.

• For first-time SIP investors, understanding how to choose the right mutual fund is crucial for long-term wealth creation.
• Before starting a SIP, new investors should define their investment timeline, risk appetite, and specific financial goals.
• Fund selection should align with goals: debt funds for short-term, hybrid for medium-term, and equity funds for long-term objectives.
• Consulting a financial advisor is recommended for new SIP investors to help select appropriate funds, understand risks, and set clear goals.

Why It Matters: This helps new investors choose the right SIP mutual funds for their financial future.