What is SIP Investment & How SIP Works?
Introduction Investing is one of the most crucial aspects of financial planning. With multiple investment options available, it can be overwhelming to choose the right one. Systematic Investment Plans (SIPs) have emerged as one of the most popular and effective ways to invest in mutual funds. Whether you are a beginner or a seasoned investor, understanding SIP investment and how it works can help you make informed decisions. In this blog, we will explore SIP in detail, covering its features, benefits, working mechanism, and tips for successful investing. What is SIP Investment? SIP (Systematic Investment Plan) is a disciplined way to invest in mutual funds. It allows investors to invest a fixed amount at regular intervals (monthly, quarterly, or annually) in a selected mutual fund scheme. The amount gets automatically deducted from your bank account and is used to purchase units of the mutual fund. SIP enables investors to benefit from rupee cost averaging and the power of compound...