Systematic Investment Plan (SIP)
Systematic Investment Plan (SIP) https://www.fundstiger.com/sip-investment/ Systematic Investment Plan, commonly referred to as an SIP, allows you to invest regularly a fixed sum in your favorite mutual fund scheme/s. In SIP, a fixed amount is deducted from your savings account every month and directed towards the mutual fund you choose to invest in. The popularity of SIPs or Systematic Investment Plans has gone up in the last few years. Many individuals discovered the charm of SIP and mutual funds. However, many investors, including those who have already made SIP investments in mutual funds, are often confused about SIPs. An SIP and mutual fund schemes are not synonyms. An SIP is a mere tool that helps you to invest regularly in a mutual fund schemes, mostly in equity mutual fund schemes. An SIP helps you to stagger your investments in equity mutual fund schemes over a period. Most mutual fund advisors do not recommend investing a lumpsum in equity mutual funds. They believe ...