Automated periodic investment (usually monthly) into mutual funds. The Indian implementation of dollar-cost averaging. Most fund houses allow SIPs from ₹500/month. Pausing is allowed; compulsory completion is not required. Best vehicle for long-term wealth creation for most Indians.
What is SIP (Systematic Investment Plan)?
Automated periodic investment (usually monthly) into mutual funds. The Indian implementation of dollar-cost averaging. Most fund houses allow SIPs from ₹500/mon