yes ,you’ve read it right !!! Minimum 100Rs investment per month in Mutual fund and SIP is possible!!!! In phonepe application.
Phonepe application give you many different options about investment.But, if you interested to invest in safe mode than ICICI Prudential nifty index fund is best option for you.
First we understand about index. What is index in stock market ?
A stock market index is a statistical measure which shows changes taking place in the stock market. The value of the stock market index is computed using values of the underlying stocks. Any change taking place in the underlying stock prices impact the overall value of the index.
Indices help to fill the knowledge gaps that exist among the investors. They represent the trend of the whole market or a certain sector of the market. In India, the NSE Nifty the BSE Sensex act as the benchmark indices. They are believed to indicate the performance of the entire stock market.
The NIFTY 50 is represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE) and The SENSEX (also known as the S&P Bombay Stock Exchange Sensitive Index or simply the SENSEX) is represents the 30 constituent companies which are some of the largest and most actively traded stocks.
Warren Buffett suggest that index is best and safest investment.In Long-term investment give you best return.
For more brief detail like how to invest?, How to withdraw sip? And other basic information go and watch described video.