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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