Systematic Investment Plan (SIP)
just as drops of water make an ocean, small but regular investments can go a long way in building wealth over a period of time
SIP is a method of investing a fixed sum, regularly, in a mutual fund scheme. SIP allows an investor to buy units regularly on a specific date of the month. This will help in building wealth in the long term.
Advantages of SIP
Rupee cost averaging – spreads your investment over several months/weeks/quarters
No Need to Time the Market – any time is a good time to invest through SIP
No Need of Lump-sum Money for Investing – you can start investing from as low as Rs. 500 per month
You Become a Disciplined Investor – is effective in making you a regular and disciplined investor
Large bouquet of options – available in a wide variety of funds depending upon your risk appetite, from debt funds to hybrid funds and equity funds