ICICIDirect.com has introduced the Equity SIP option sometime back.Will this work?
I recently got a mail from them explaining with example of a bluechip company.If the scrip was bought 1 per month for 10 years ,you would be sitting on huge profit.
For a non regular investor who doesnt want to check about markets every day,will this work out or would you say MF SIP is best.
What if i make SIP to buy 1 Index fund(NIFTYBEES) per month will that make sense since i am not making concentrated risk on single stock?
If you were to start ,what will be the 1 stock you would like to buy every month in equity SIP?