The Systematic Investment Plan (SIP) is the best and safest way to invest in mutual funds consistently and systematically.
A SIP is based on the basic principle of investing on a regular basis, allowing you to accumulate money over a long time.
What Is SIP?
This investment plan allows you to invest a fixed sum of money every quarter, month, or week. You can start with as low as Rs. 500.
A SIP, unlike a lump sum investment, allows you to spread your money out over time. As a result, you don’t need a large sum of money to invest in mutual fund schemes through SIPs.
You’ll have to set aside a specific amount at regular intervals when you invest through a SIP, which helps you achieve your financial objectives over time.