A Systematic Investment Plan (SIP) is an investment method provided by Mutual Funds where you can invest a fixed amount into a Mutual Fund scheme at regular intervals, such as once a month or once a quarter, instead of making a one-time lump-sum investment. The installment amount can be as low as INR 500 per month and is similar to a recurring deposit.
It's convenient because you can set up standing instructions with your bank to automatically debit the amount every month.
SIP has become increasingly popular among Indian mutual fund investors because it promotes disciplined investing without the need to worry about market volatility or timing the market. Systematic Investment Plans offered by Mutual Funds are an excellent way to start long-term investments.It is crucial to invest for the long term, which means starting early to maximize your returns.
Therefore, your mantra should be: Start Early, Invest Regularly to get the most out of your investments.
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