SIP
What is SIP?
SIP (Systematic Investment Plan) is a method of investing in mutual funds where you contribute a fixed amount of money at regular intervals, such as monthly or quarterly, rather than making a one-time lump-sum investment.
Through SIP, your money is invested in chosen mutual fund schemes, and units are allocated based on the current market value (Net Asset Value). SIPs promote disciplined investing and help in rupee cost averaging (buying more units when prices are low and fewer when prices are high) and the power of compounding, which can significantly grow your wealth over time.
SIPs are ideal for individuals who want to build long-term wealth in a consistent, low-risk, and budget-friendly manner.