What is SIP (Systematic Investment Plan)? - letsdiskuss
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Anonymous

Student | Posted | Share-Market-Finance


What is SIP (Systematic Investment Plan)?


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Blogger | Posted


SIP is a way of investing in mutual funds. You can give instructions to the bank to deduct and deposit a fixed amount of money from your account, on a specific date every month, to the mutual fund. On the other hand, you can invest lump-sum amount at one time in a mutual fund. SIP have the advantages of:

Averaging out the market fluctuations

Building investor discipline

Power of compounding

Auto debit instructions




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