Systematic Investment Plan (SIP)

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Systematic Investment Plan (SIP)

Systematic Investment Plan popularly known as SIP is a method of investing a fixed sum regularly in a mutual fund scheme. It is very similar to regular saving schemes like a recurring deposit. SIP allows one to buy units on a given date at regular interval, so that one can implement a saving plan for themselves. A SIP is generally preferred for an equity scheme and can be started with as small as Rs 500 per month.

 

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