What is Systematic Investment Plan (SIP)?
India is developing at a fast pace. Along with this development, the individuals are also gradually shifting focus from importance of savings to converting them into investments for Financially Independent future.
With this turnaround in the thought process of investors, have evolved the concept of Systematic Investment Plan (SIP) in mutual funds.
Systematic Investment Plan (SIP)
The concept of SIP is based on Rupee Cost Averaging.
Systematic Investment Plan is a smart way to create wealth. It doesn’t demand lump sum investments. Just as little as INR 500 every month. With SIP you don’t need to time the market. In a long term your investments average out across the highs and lows of the market. This means you buy more units when the market is low and less when the market is high.
SIP is small on Savings and Big on Benefits.
Awareness about SIP:
Websites such as Mutual Funds Sahi Hai are running campaigns to create awareness about Mutual Funds and SIP as Investment option.
Last but not the least:
The article link mentioned below shows the SIP Investment Picture Economic Times Article