What is a Systematic Investment Plan (SIP)?

Milestoneglobal02 Nov, 2022Finance

The Systematic Investment Plan (SIP) is an investment option offered by Mutual Funds, wherein investors can invest a fixed amount in a Mutual Fund scheme at regular intervals - for example, once a month or once a quarter. The installment amount could be as little as INR 500 a month, similar to a recurring deposit. This investment method is convenient because you can give your bank standing instructions to debit the amount from your account every month.