Systematic Investment Plan or SIP is a means or a tool that allows an investor to invest regularly in mutual funds. SIP allows you to invest a certain predetermined amount at a regular interval (weekly, monthly, quarterly, etc.). It is a disciplined, focused and regular mode of saving, investing and building wealth for the future. You can start a SIP with as less as Rs. 500, depending on the scheme and save for your big future goals. You can save for building a house, your child’s marriage or your retirement, all through a SIP in a very steady manner.
What is Systematic Investment Plan or SIP? Print
Modified on: Mon, 1 Jun, 2020 at 4:59 PM
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