If you‚Äôre confused which one to opt for let me start by explaining both the concepts.
SIP is a disciplined form of investing where you invest at a determined frequency. With this, you invest both the times, i.e. when the market is high and when the market is low. This gives you a weighted average return over a period of time.
One time investment is investing the entire amount in one go. This also requires a better understanding of the market trends.
Both have different advantages:
-It gives you a disciplined way of investing
-It helps with rupee cost averaging
-There is no need to time the market
Lump Sum investment:
-If you time the market and invest at the right time, i.e. when the market is low, you might make more returns compared to SIP.
Coming to your second question, which one is better? I believe that a successful strategy is a combination of SIP and lump sum investment. This means that you need to keep investing in SIP and invest a Lump sum when the market is low.
If you have made your mind you may start investing with HDFC securities. I have been trading with them for last 3 years and can say that they are the best in the industry.
Here‚Äôs the link for the same: https://www.hdfcsec.com/open-trading-ac