What is SIP?
Systematic Investment Plan or SIP is a method of investing in mutual funds wherein an investor chooses a mutual fund scheme and invests the fixed amount of his choice at fixed intervals.
SIPs make investing disciplined, simple, and affordable, enabling long-term wealth creation by leveraging the power of compounding and market averaging.
Types of SIP:
- Top-up SIP
Allows you to increase the investment amount periodically, helping you grow your investments in line with your income. - Flexible SIP
Offers flexibility to adjust the investment amount based on your financial situation, allowing higher contributions during good times and smaller amounts during constraints. - Perpetual SIP
Has no fixed end date, letting you invest continuously until you decide to stop or withdraw funds. This is ideal for long-term wealth-building goals.