SIP (Systematic Investment Plan) is a method of investing in mutual funds where an investor invests a fixed amount of money at regular intervals (typically monthly or quarterly).
This approach is well-suited for investors looking to achieve various financial goals, such as wealth creation, retirement planning, or funding education while providing flexibility to adapt to changing financial circumstances.
Before you set up your SIP, there are a few essentials you need to know about how SIP works.
There are four stages to investing in SIP from the beginning to the point where your funds are invested in a mutual fund scheme