By Warner 
A systematic investment plan or SIP serves as a reliable and effective investment method for mutual fund schemes. Helping investors to save and invest a fixed amount over a significant period, systematic investment plans can help generate a substantial amount of wealth through continued investments. With regular investments of a fixed amount, investors can get the necessary amount of returns that can help them fulfill their financial goals. However, investors can opt for various investment strategies for SIPs in India that can help them exponentially. These have been listed below.
1. Using an SIP calculator
Serving as a reliable tool, the SIP calculator can help investors make accurate decisions regarding mutual funds investment. With the calculation of the right investment amount, investors can plan their savings and expenses accordingly. After providing various details like the expected rate of return, amount of investment, period of investment, etc, the calculator can help investors identify the total returns they can generate and the fixed amount of investment needed to generate such returns. With overall accuracy, investors can use an SIP calculator to manage their investments effectively.
2. Selection of the right mutual fund schemes
Mutual fund schemes are divided into categories like equity, debt, and even hybrid. Investors must select the best mutual fund schemes according to the ultimate financial goals of the investors. For example, an investor looking for higher returns with moderate risk and inability to invest over a long period must opt for equity investments. With correct analysis of the mutual fund schemes, their performance in the past, expense ratios, and other aspects, investors can make the right decision regarding mutual fund investment.
3. Long-term investment
Long-term investments in mutual funds help generate substantial returns and reduce the negative effects of market volatility. Through long-term investments and compound growth rates, investors can grow their surplus funds into a substantial amount that can help fulfill their financial goals. Irrespective of the investment amount, investors must even start their investment journey at an early age to get the ultimate benefits.
4. Increasing SIP amount
Investors can increase their SIP amount at periodic intervals to get better returns. For example, a simple addition of ₹1,000 in the SIP amount every year can grow an investment portfolio at an exponential growth rate compared to fixed investments over the same period. Investors must take complete precautions and identify their current savings and expense progress before increasing their SIP amount.
5. Diversified investment
Investors are recommended to diversify their investments across different mutual fund schemes like equity, debt, thematic, sectoral, hybrid, and different large and small cap funds. Diversification can help reduce the overall risk and even enhance the chances of generating better returns.
Conclusion
Various online tools like a lumpsum calculator can even help investors make the right decision regarding systematic investment plans. The right decision between a lumpsum investment or periodic investments over fixed intervals can be taken using such online tools. With the help of various online tools, disciplined investment, and continuous monitoring of their mutual fund performance, investors can make sound decisions and receive the maximum benefits of SIP-based investment.
Sathwika 
Sharath Varma