What is Systematic Investment Plan : What is SIP? - Learn about SIP
September 15, 2021
Analysis
/ Business
What is SIP (Systematic Investment Plan) Systematic Investment Plan, more commonly known as SIP, allows any investor to invest a pre-determined fixed amount in a mutual fund scheme at a regular interval. It is similar to recurring deposits, in which a fixed investment is made on a regular basis. It is called Systematic Investment Plan or SIP because of its posture and systematic way of doing it on regular basis. By taking SIP, any investor can invest in the market in a time bound manner without worrying much about the market dynamics and risk and can earn profits by investing for a long period. SIP The Plan of Mutual Funds Rs 500 and Rs 1,000 as it enables people with a weak and medium budget to invest on a regular basis instead of a heavy, one-time investment . You can invest some amount on weekly/ monthly/ quarterly/ semi-annually and annual basis under Pre-defined SIP Plan. Small Amount Investing through SIP may not sound attractive to you at first but it enables the...