What is an SIP
Systematic Investment Plan (SIP) is a term referred to for investing a fixed sum of money, regularly, in a mutual fund scheme. SIP allows investors to invest in units of a mutual fund on a specific date(s) each month, so that the investors can formulate a long term savings plan. SIP is a tool that helps an investor in wealth creation, by investing small amounts of money at regular intervals, over a period of time.
