‘The best time to plant a tree was 20 years ago, the second best time is now’, is a Chinese saying which describes SIP the best. Systematic Investment Plan (SIP) is a scheme which allows you to invest a fixed amount of money at regular period in any of the mutual fund schemes of your choice. A fixed amount is deducted from your bank’s savings account every month or quarter (as instructed) and invested in the mutual fund you have chosen for a long term.
With SIP, you invest in small amount and harvest big returns. It’s a simple and convenient way to track your investments. It also brings financial discipline.
SIP focuses on saving first and spending later!
You can check on the internet about all the mutual funds including their past returns. Before selecting, keep in mind certain basics for a good return-
How to Invest in SIP
SIP has gained popularity as it helps in investing in a disciplined manner without worrying about market volatility and timing for long term.