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