Understanding SIP: Your Path to Wealth Creation
Investment Basics
2024-01-15
Priya Sharma
5 min read

Understanding SIP: Your Path to Wealth Creation

Systematic Investment Plan (SIP) is a disciplined approach to investing that helps you build wealth over time through regular investments.

What is SIP?

SIP allows you to invest a fixed amount regularly in mutual funds, typically monthly. This approach helps in rupee cost averaging and reduces the impact of market volatility.

Benefits of SIP

  • • Disciplined investing approach
  • • Rupee cost averaging
  • • Power of compounding
  • • Flexibility to start, stop, or modify
  • • No market timing required

How to Start SIP?

Starting a SIP is simple. Choose your fund, decide the amount, select the frequency, and set up auto-debit from your bank account.

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SIPInvestmentWealth Creation

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