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Depending on one's risk tolerance and investing objectives, selecting the appropriate mutual fund mix is essential to setting up a profitable SIP portfolio. To reduce risk and optimize returns, it is imperative to diversirummy daily bonusfy the portfolio among various asset classes and fund categories. The key to setting up a successful SIP portfolio is to stay invested for the long term, increase SIP contributions with rising income, and regularly review the portfolio's performance. Users can use Groww App's platform to invest in both digital and physical gold. Gold ETFs (Exchange Traded Funds) and sovereign gold bonds available on the app are two ways to invest in gold.

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