A Systematic Investment Plan (SIP) is an investment option through which you can create and manage your wealth by investing a fixed amount of money in Mutual Funds every month. SIPs allow you to invest your money on a regular basis without worrying about market fluctuations or risks.
Here are some benefits of investing through SIP,
Start small: You can start small by investing as little as ₹100 monthly over a period of time to create wealth.
Rupee-cost averaging: You can buy more units when the price is lower and fewer units when the price is higher.
Power of compounding: You can not only earn interest on the basic principal amount that you invest but also on the interest that gets added.