What is SIP (Systematic Investment Plan): Meaning, Types, and Working
Do you want to invest in mutual funds but don’t have a lot of money or time? You need to know what is SIP. It’s a game-changer, allowing you to kick start mutual fund investments with as little as ?500. In this blog, we will understand what is SIP investment, what are benefits of sip, how sip works, what are the risks involved, what are the types of SIP, how it is taxed, and how to start SIP investment. SIP stands for Systematic Investment Plan. SIP investment is a smart, disciplined and convenient way of investing in mutual funds regularly. Instead of putting a lump sum amount all at once, you contribute a small sum every month. With SIP in mutual funds, you’re consistently putting that amount into your chosen stocks or mutual funds. It’s like making regular deposits into your investment account, regardless of whether the market is bullish or bearish.
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