What is SIP
SIP, or Systematic Investment Plan, is a method of
investing a fixed amount of money regularly in mutual funds. Instead of putting
a large sum all at once, you invest small amounts monthly or weekly based on
your convenience. SIPs are a great way to build wealth over time without
feeling the pressure of market ups and downs. It encourages disciplined
investing and also benefits from something called "Rupee Cost Averaging," which means you buy
more units when prices are low and fewer when prices are high. Over the long
term, SIP helps reduce risk and makes investing easier, especially for
beginners.
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