Good move to start investing in a planned and systematic manner!
- The first thing is to identify what you are investing for, i.e. your goals.
- Next is to assess your risk profile so that you can then identify which funds to invest in.
- Start SIPs in the selected funds to meet your life goals. Sit back and relax!
If possible, take the help of a SEBI Registered Investment Advisor to help plan out the investments.
Every Mutual Fund come in two plans – Direct and Regular. A direct plan (one with the words Direct Plan in its full scheme name) gives you additional return of upto 1.5% because it does not pay out indirect commission to the broker. With direct plans, you get upto 40% more in long term portfolio value, by avoiding commissions and brokers.
As far as apps are concerned, there are many mutual fund and investment apps out there. Go for an app or platform that aggregates direct plans (for a small fee) instead of huge indirect commissions. Dont assume that ‘free’ means really free!
