Originally Posted by sudhashbahu
I plan to invest in either HDFC Prudence or Balanced (Direct) plans via SIP route.
However I have a lumpsump amount. What is the best way of investing this so that regular withdrawals can be used for SIP?
SIP is better way than lumpsump.
Withdrawal you can do anytime but most of the MF have 1% or so charges if withdraw before 1 year.
The units which remains 1 years can withdraw without any exit load.
If you are looking for long term investment. You should not look for withdrawals except in emergency cases.