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What is a Systematic Investment Plan?
A systematic investment plan or SIP is an investment strategy wherein you can invest into a mutual fund at specific intervals over a defined time frame.10 Dec 2008
A systematic investment plan or SIP is an investment strategy wherein you can invest into a mutual fund at specific intervals over a defined time frame. You can select the investment frequency for your chosen SIP, either monthly or quarterly.
Since a fixed amount is invested on a regular basis, you get more number of units in a falling market and fewer units when the market is on the rise.
This will also help you to smoothen out the market fluctuations and the investment will be low cost investment over a period of time. This strategy of investing is also called Rupee Cost Averaging.