What is SIP in Mutual Fund?
Systematic Investment Plan (SIP)
A method of investing a fixed amount in mutual funds regularly
How SIP Works
Invest a predetermined amount periodically, regardless of market conditions
Benefits of SIP
SIP promotes disciplined savings and harnesses the power of compounding
Rupee Cost Averaging
SIP averages out purchase costs by buying more units when prices are low
Flexibility
SIP allows you to start, stop, increase, or decrease your investments easily
Tax Benefits
Certain SIPs in ELSS funds offer tax deductions under Section 80C
Long-Term Growth
SIPs are ideal for achieving long-term financial goals like retirement or education
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