SIP - SYSTEMAIC INVESTMENT PLANS

SIP stands for Systematic Investment Plan. It is an investment plan in which you invest a fixed amount in mutual funds at pre-defined regular intervals. It helps you create significant wealth in the long-run by investing small sums of money. In simple words, it is a planned approach towards investments that helps you create wealth for future and inculcate a habit of saving. The other way of investing in a mutual fund is a one-time investment, generally known as lump sum investment.